Question
You are the auditor of LKFG LLC. You audited the accounts receivables using a well designed sample (using non-statistical sampling as given below) and came
You are the auditor of LKFG LLC. You audited the accounts receivables using a well designed sample (using non-statistical sampling as given below) and came up with the following results
You set the tolerable misstatement at $155,000 and expected error at $110,000. Based on this information, and assuming no other misstatements identified in the rest of the audit, what type of audit opinion would you issue?
Step by Step Solution
3.43 Rating (162 Votes )
There are 3 Steps involved in it
Step: 1
Based on the information provided assuming a welldesigned nonstatistical sample for accounts receivable and no other misstatements identified elsewher...
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
Intermediate Accounting
Authors: kieso, weygandt and warfield.
14th Edition
9780470587232, 470587288, 470587237, 978-0470587287
