State whether if any of the account misstatements must be considered as monetary misstatements and state whether any of the account misstatements must be included in the calculation of the upper limit on misstatements using MUS.

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Answer 1

Question

Chapter G, Problem 56EP

a.

To determine

State whether if any of the account misstatements must be considered as monetary misstatements and state whether any of the account misstatements must be included in the calculation of the upper limit on misstatements using MUS.

b.

To determine

Compute the upper limit on misstatements and identify whether the evidence from these misstatements specifies that the accounts receivable balance is or is not materially misstated.

c.

To determine

Find out whether any additional procedures are needed by the audit team regarding account 1216 or account 2003.

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Answer 2

Question

Chapter G, Problem 56EP

a.

To determine

State whether if any of the account misstatements must be considered as monetary misstatements and state whether any of the account misstatements must be included in the calculation of the upper limit on misstatements using MUS.

b.

To determine

Compute the upper limit on misstatements and identify whether the evidence from these misstatements specifies that the accounts receivable balance is or is not materially misstated.

c.

To determine

Find out whether any additional procedures are needed by the audit team regarding account 1216 or account 2003.

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Answer 3

Question

Chapter G, Problem 56EP

a.

To determine

State whether if any of the account misstatements must be considered as monetary misstatements and state whether any of the account misstatements must be included in the calculation of the upper limit on misstatements using MUS.

b.

To determine

Compute the upper limit on misstatements and identify whether the evidence from these misstatements specifies that the accounts receivable balance is or is not materially misstated.

c.

To determine

Find out whether any additional procedures are needed by the audit team regarding account 1216 or account 2003.

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Answer 4

Question

Chapter G, Problem 56EP

a.

To determine

State whether if any of the account misstatements must be considered as monetary misstatements and state whether any of the account misstatements must be included in the calculation of the upper limit on misstatements using MUS.

b.

To determine

Compute the upper limit on misstatements and identify whether the evidence from these misstatements specifies that the accounts receivable balance is or is not materially misstated.

c.

To determine

Find out whether any additional procedures are needed by the audit team regarding account 1216 or account 2003.

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Answer 5

Chapter G, Problem 56EP

a.

To determine

State whether if any of the account misstatements must be considered as monetary misstatements and state whether any of the account misstatements must be included in the calculation of the upper limit on misstatements using MUS.

b.

To determine

Compute the upper limit on misstatements and identify whether the evidence from these misstatements specifies that the accounts receivable balance is or is not materially misstated.

c.

To determine

Find out whether any additional procedures are needed by the audit team regarding account 1216 or account 2003.

Answer 6

Chapter G, Problem 56EP

a.

To determine

State whether if any of the account misstatements must be considered as monetary misstatements and state whether any of the account misstatements must be included in the calculation of the upper limit on misstatements using MUS.

Answer 7

Chapter G, Problem 56EP

a.

To determine

State whether if any of the account misstatements must be considered as monetary misstatements and state whether any of the account misstatements must be included in the calculation of the upper limit on misstatements using MUS.

Answer 8

b.

To determine

Compute the upper limit on misstatements and identify whether the evidence from these misstatements specifies that the accounts receivable balance is or is not materially misstated.

Answer 9

b.

To determine

Compute the upper limit on misstatements and identify whether the evidence from these misstatements specifies that the accounts receivable balance is or is not materially misstated.

Answer 10

c.

To determine

Find out whether any additional procedures are needed by the audit team regarding account 1216 or account 2003.

Answer 11

c.

To determine

Find out whether any additional procedures are needed by the audit team regarding account 1216 or account 2003.

Answer 12

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Answer 13

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Answer 14

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Answer 15

Ch. G - Prob. 1RC Ch. G - Prob. 2RC Ch. G - Prob. 3RC Ch. G - Prob. 4RC Ch. G - Prob. 5RC Ch. G - Prob. 6RC Ch. G - Prob. 7RC Ch. G - Prob. 8RC Ch. G - Prob. 9RC Ch. G - Prob. 10RC

State whether if any of the account misstatements must be considered as monetary misstatements and state whether any of the account misstatements must be included in the calculation of the upper limit on misstatements using MUS.

State whether if any of the account misstatements must be considered as monetary misstatements and state whether any of the account misstatements must be included in the calculation of the upper limit on misstatements using MUS.

Compute the upper limit on misstatements and identify whether the evidence from these misstatements specifies that the accounts receivable balance is or is not materially misstated.

Find out whether any additional procedures are needed by the audit team regarding account 1216 or account 2003.

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Chapter G Solutions