Question
You are auditing Omicron Ltd and have decided to use dollar unit sampling (DUS) when performing a substantive test on the client's receivables balance. The
You are auditing Omicron Ltd and have decided to use dollar unit sampling (DUS) when performing a substantive test on the client's receivables balance. The tolerable misstatement amount is $10,000.
Omicron Ltd has 500 receivables and the total receivables amount is $2,000,000.
Below are the initial 20 items from the population of receivables
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Fundamentals of Financial Accounting
Authors: Fred Phillips, Robert Libby, Patricia Libby
6th edition
1259864235, 1259864230, 1260159547, 126015954X, 978-1259864230
