In a Monetary-Unit Sample with a Sampling Interval of $5,000

question 49

Multiple Choice

In a monetary-unit sample with a sampling interval of $5,000, an auditor discovers that a selected account receivable with a recorded amount of $10,000 has an audit amount of $8,000. If this were the only error discovered by the auditor, the projected misstatement for this sample would be:

• A)$5,000.
• B)$4,000.
• C)$2,000.
• D)$1,000.

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Definitions:

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