Auditing and Assurance Services 9th Edition by Alvin Arens,Mark Beasley,Randy Elder

تمرين 16

Edwards has decided to use monetary-unit sampling in the audit of an entity's accounts receivable balance. Few, if any, misstatements of account balance overstatement are expected.
Required:
a. Identify the advantages of using monetary-unit sampling over classical variables sampling.
b. Calculate the sample size and the sampling interval Edwards should use for the following information:

c. Calculate the UML assuming that the following three misstatements were discovered in an MUS sample.

(AICPA, adapted)