AUDITING+ASSURANCE SERVICES-CONNECT >I<
AUDITING+ASSURANCE SERVICES-CONNECT >I<
8th Edition
ISBN: 9781265005405
Author: LOUWERS
Publisher: INTER MCG
Question
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Chapter G, Problem 77EP

a.

To determine

Describe the advantages and disadvantages for using non-statistical sampling in this year audit of Company L’s Inventory.

b.

To determine

Match the factors used by person B in determining sample size under monetary unit sampling to those that would be used in non-statistical sampling.

c.

To determine

State the factors would she consider in deciding whether to perform more extensive analytical procedures.

d.

To determine

Identify the conclusion with respect to the fairness of Company L’s inventory, if the items selected by person B had an aggregate audited value of $970,000 and an aggregate recorded balance of 1,000,000.

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