These are the test of details on accounts receivable for the 2016 audit of EarthWear Clothiers, Inc. The principal test of detail involves sending "confirmations" or letters to customers so that they can confirm that they owe EarthWear the reported balance. All six customer accounts receivable balances exceeding $100,000 were targeted for testing. These six balances, aggregated total of $921,000, were confirmed without exceptions. The remaining accounts are of similar size and total $7,722,000 and will be tested via audit sampling. Inputs for the sample size determination were, Desired Confidence Level-95%, Tolerable Misstatement-$600,000, and Expected Misstatement-$154,440. Based on these inputs, 68 accounts receivable balances were selected for confirmation requests. The first 64 accounts receivable confirmations have already been reviewed by other staff members and no errors have been found.

Need help finding the to sampling problems...

Have determined sampling interval is 115253.73 and sample size is 67 unsure of what the next steps in process are. how do I determine the rest?

misstatement and A/R balance per customer, which should be rounded to the nearest whole number. Leave no cell blank - Be sure to enter "0" wherever required.) A/R Balance per clients' A/R Balance per Difference per Reason(s) for Difference (i.e., timing difference, Amou Customer ID Customer Name records Customer Customer transposition error, cut-off error, mistake, etc.) Misst 652-54310 Red Star Health Group 12, 365 12356 9 transposed 210-38725 Museum of Flight $ 14, 235 0 14235 cut off 254-62418 Summit Hills Country Club $ 24, 362 21520 $ 2842 timing difference tA 179-26343 Central States Hotels 18, 642 15642 3000 mistake tA 64 additional items 880,560 $ 880, 650 $ 0 Total Dollar Amount of Items in Sample 950, 164 Net misstatement $ Total Dollar Amount of Items in Sampling Population $ 7Nonstatistical Evaluation of Errors Ratio of Amount of Misstatements in Projected Misstatement Sample Misstatement Evaluation of Test Results 3009 % Statistical Evaluation of Errors using IDEA Monetary Unit Sampling Upper Error Item Error Most Likely Error Limit Evaluation of Test Results Basic Precision Totals