Roberts,CPA,decided to Use Monetary Unit Sampling in the Audit of a Client's

question 101

Essay

Roberts,CPA,decided to use monetary unit sampling in the audit of a client's accounts receivable balance.The recorded amount of the accounts receivable control account totaled $2,000,000 and consisted of approximately 5,000 accounts.Roberts established a tolerable misstatement of $100,000,a risk of incorrect acceptance of 5 percent,and an expected misstatement of $10,000.
a.Calculate the sample size.
b.Calculate the sampling interval.

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Definitions:

Philippe Pinel

A French physician recognized for his pioneering work in the treatment of mental illness, emphasizing humane approaches and the removal of chains from patients.

Humane Treatment

Respectful and compassionate treatment of others, especially regarding the care of animals or in the context of punishment.

Psychotherapy

A therapeutic treatment involving psychological techniques, designed to assist individuals in overcoming difficulties or achieving personal growth.

Professional

A person engaged or qualified in a profession that requires specialized knowledge and often long and intensive academic preparation.