Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Using the information in the exhibits, enter the appropriate amounts in the designated cells below. Use the Reliability Factors Table if necessary. Enter any percentages
Using the information in the exhibits, enter the appropriate amounts in the designated cells below. Use the Reliability Factors Table if necessary. Enter any percentages as a decimal eg For question round the sample size to the nearest whole number.
Carrying amount of the population
Risk of incorrect acceptance
Reliability factor
Sampling interval
Sample size
To: Anthony Carlisle
From: Pete Mitchell
Date: February Year
RE: Goose, Inc., Audit Task
Hey Tony,
Im going to need your help tying up the loose ends related to the Goose, Inc., audit. As mentioned in my previous email, the key points have all been laid out. Additionally, someone in the firm recently copied a reliability factors table from a textbook to use with some related calculations. I am going to ask you to perform those related calculations because I have been inundated with requests to complete other audit tasks. I really appreciate your help with these final few calculations.
Thank you,
Pete
To: Anthony Carlisle
From: Pete Mitchell
Date: January Year
RE: Audit of Goose, Inc.
Tony,
I am currently engaged in the audit of the accounts receivable balance of Goose, Incorporated. Here are the key points that I have discovered so far:The total number of accounts is
The average balance of each individual account is $ I want to be confident that the recorded balance is not overstated by more than $
Currently, I do not believe any errors exist. I will keep you updated as I continue this engagement. Please let me know if you have any questions or comments.
Sincerely,
Pete
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started