An Auditor Uses Monetary Unit Sampling with a Sampling Interval

question 43

Multiple Choice

An auditor uses monetary unit sampling with a sampling interval of $20,000 and detects an item with a recorded amount of $10,000 with an audited value of $4,000. The projected misstatement of the sample is

• A) $12,000.
• B) $6,000.
• C) $10,000.
• D) $3,000.

Comprehend essential learning principles and how they can be applied to training.

Differentiate between training and development and their purposes.

Recognize the sources and significance of training recommendations.

Understand the benefits of training and development for both the organization and the individual.

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