F Jack, CPA, Is the Auditor of Jill Corporation

question 8

Essay

F. Jack, CPA, is the auditor of Jill Corporation. Jack plans to follow last year's work papers in selecting accounts payable to be confirmed. Confirmations were mailed to 50 of Jill's 200 suppliers. The sample was designed to select accounts with the largest balances. Jack and Jill spent a lot of time reconciling minor differences between the confirmation amounts and the accounts payable trial balance.Required:Do you believe Jack should use the same sample design for accounts payable confirmations this year? If not, what suggestions can you give to improve the design?

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Definitions:

Cognitive Development

A theory and process that explains how human intelligence grows and changes over time, focusing on how children acquire, process, and utilize information.

Abstract Reasoning

The ability to analyze information, detect patterns and relationships, and solve problems on a complex, abstract level.

Accidental Injuries

Unplanned injuries resulting from unexpected events, often leading to harm or damage that was not intentionally caused.

Motor Vehicle Accidents

Incidents involving collision or other damaging events between vehicles, often leading to injury or death.