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URGENT! Qatar Associates were conducting the audit of the Edison Company for the year ended December 31. Qatar Associates plans to use MUS to audit
URGENT! Qatar Associates were conducting the audit of the Edison Company for the year ended December 31. Qatar Associates plans to use MUS to audit Edison Company's inventory account. The balance at December 31 was $7,750,000.
Required:
a. Based on the following information, compute the required MUS sample size and sampling interval using Table 8-5 or Table 8-6: (Round your interval answers to the nearest dollar amount.)
Tolerable misstatement = $310,000
Expected misstatement = $116,250
Risk of incorrect acceptance = 5%
Sample size | ||
Sampling interval | $ | |
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