Principles of Auditing & Other Assurance Services (Irwin Accounting)
20th Edition
ISBN: 9780077729141
Author: Ray Whittington, Kurt Pany
Publisher: McGraw-Hill Education
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Question
Chapter 9A, Problem 1RQ
To determine
Explain the factors affecting
Expert Solution & Answer
Explanation of Solution
Monetary unit sampling (MUS):
Monetary unit sampling is a technique of calculation the misstatement in the population. It uses the attributes sampling theory for the calculation of the misstated value in the defined population. MUS consider the population size as a single dollar value item. It is is the total dollar value of the population.
Explain the factors affecting sample size in a monetary unit sampling (MUS):
Following are the factors affecting sample size in a monetary unit sampling (MUS):
- Book value of the population.
- Reliability factor.
- Expected misstatement.
- Tolerable misstatement.
- Expansion factor.
Thus, the above defined factors are used in the calculation of the sample size.
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Hello tutor please given General accounting question answer do fast and properly explain all answer
Given below are the account balances for Redstone
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Gross sales: $150,000
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Sales returns and allowances: $6,000
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Compute the total cost of the Micro order.
Chapter 9A Solutions
Principles of Auditing & Other Assurance Services (Irwin Accounting)
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