In an Accounts Receivable Sample with a Sampling Interval of $5,000

question 163

Short Answer

In an accounts receivable sample with a sampling interval of $5,000, an auditor identifies a recorded amount of $10,000 which has an audited amount of $8,000.If this was the only error that the auditor discovered, what would the projected misstatement for this sample be?

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Definitions:

Ending

The process of bringing an activity or condition to a conclusion or cessation.

Evaluating

The process of assessing or judging the quality, importance, or value of something.

Five-Stage View of Change

A conceptual framework suggesting that change occurs in five distinct stages: precontemplation, contemplation, preparation, action, and maintenance.

Rogers

Refers to Carl R. Rogers, an influential American psychologist known for his contributions to humanistic psychology and the client-centered approach.