Auditing & Assurance Services with ACL Software Student CD-ROM
6th Edition
ISBN: 9781259197109
Author: Timothy J Louwers, Robert J. Ramsay Professor, David Sinason Associate Professor, Jerry R Strawser, Jay C. Thibodeau Associate Professor
Publisher: McGraw-Hill Education
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Question
Chapter G, Problem 73EP
a.
To determine
Calculate the amount of estimated audited value of person L’s inventory.
b.
To determine
Calculate the precision and precision interval for person L’s inventory. Provide a brief description of the meaning of the precision interval.
c.
To determine
Identify the conclusion with respect to Person L’s inventory balance.
d.
To determine
Calculate the precision and precision interval for person L’s inventory using the risk of incorrect acceptance of (1) 1% and (2) 10%.
e.
To determine
Explain the risk of incorrect acceptance affects the precision interval and conclusions about the fairness of the accounts balance based on part (b) and part (d).
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Chapter G Solutions
Auditing & Assurance Services with ACL Software Student CD-ROM
Ch. G - Prob. 1RCCh. G - Prob. 2RCCh. G - Prob. 3RCCh. G - Prob. 4RCCh. G - Prob. 5RCCh. G - Prob. 6RCCh. G - Prob. 7RCCh. G - Prob. 8RCCh. G - Prob. 9RCCh. G - Prob. 10RC
Ch. G - Prob. 11RCCh. G - Prob. 12RCCh. G - Prob. 13RCCh. G - Prob. 14RCCh. G - Prob. 15RCCh. G - Prob. 16RCCh. G - Prob. 17RCCh. G - Prob. 18RCCh. G - Prob. 19RCCh. G - Prob. 20RCCh. G - Prob. 21RCCh. G - Prob. 22RCCh. G - Prob. 23RCCh. G - Prob. 24RCCh. G - Prob. 25RCCh. G - Prob. 26RCCh. G - Prob. 27RCCh. G - Prob. 28RCCh. G - Prob. 29RCCh. G - Prob. 30RCCh. G - Prob. 31RCCh. G - Prob. 32MCQCh. G - Prob. 33MCQCh. G - Prob. 34MCQCh. G - Prob. 35MCQCh. G - Prob. 36MCQCh. G - Prob. 37MCQCh. G - Prob. 38MCQCh. G - Prob. 39MCQCh. G - Prob. 40MCQCh. G - Prob. 41MCQCh. G - Prob. 42MCQCh. G - If the _______ is less than the _______, the audit...Ch. G - Prob. 44MCQCh. G - Prob. 45MCQCh. G - Prob. 46MCQCh. G - Prob. 47MCQCh. G - Prob. 48MCQCh. G - Prob. 49MCQCh. G - Prob. 50MCQCh. G - Prob. 51MCQCh. G - Prob. 52MCQCh. G - Prob. 53EPCh. G - Prob. 54EPCh. G - Prob. 55EPCh. G - Prob. 56EPCh. G - Prob. 57EPCh. G - Prob. 58EPCh. G - Prob. 59EPCh. G - Prob. 60EPCh. G - Prob. 61EPCh. G - Prob. 62EPCh. G - Prob. 63EPCh. G - Prob. 64EPCh. G - Prob. 65EPCh. G - Prob. 66EPCh. G - Prob. 67EPCh. G - Prob. 68EPCh. G - Prob. 69EPCh. G - Prob. 70EPCh. G - Prob. 71EPCh. G - Prob. 72EPCh. G - Prob. 73EPCh. G - Prob. 74EPCh. G - Prob. 75EPCh. G - Prob. 76EPCh. G - Prob. 77EPCh. G - Prob. 78EPCh. G - Prob. 79EPCh. G - Prob. 80EPCh. G - Prob. 81EPCh. G - Prob. 82EP
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