Your Uncle Bob, a CPA, Has Recently Started Auditing and He

question 23

Essay

Your uncle Bob, a CPA, has recently started auditing and he wants your advice on some tests of sales transactions he is conducting. Bob selected a haphazard sample of 15 sales with a total book value of $75,000. In his sample, he found a total of $500 in net overstatement errors. The total sales balance per book is $10,000,000. Overall materiality for the engagement is $300,000. Tolerable misstatement for sales is $70,000. If the sample results indicate that Bob's best estimate of total misstatement in sales is $35,000, can Bob safely conclude that no additional work is needed in this area? Include in your answer a clear discussion of how sample results are compared to tolerable misstatement.

Identify and describe major concepts in measuring disorder prevalence and incidence.

Distinguish between different psychological disorders and symptoms.

Relate historical and social contexts to the treatment and perception of mental illnesses.

Understand the legal and societal implications of terms related to mental health.

---

Definitions:

Occupational Diseases

Occupational diseases are illnesses contracted as a result of exposure to risk factors arising from work activity.

Workers' Compensation System

A form of insurance providing wage replacement and medical benefits to employees injured in the course of employment.

D16S539 9,9 Repeat

Represents a specific allele pattern seen in DNA fragment analysis, indicative of genetic markers used in forensic and genetic studies.

TPOX 12,12 Repeat

Indicates a specific allele pattern in DNA profiling, referring to the number of repeats of a particular short tandem repeat (STR) loci on chromosomes, used in genetic fingerprinting.