HW CH 16, 17 - of balances would need to be increased The...

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Rosmic Calvo ACCT 275 CH 16 & 17 16-20 a) 4 b) 4 c) 2 16-21 a) 4 b) 2 c) 2 16-22 a) 2 b) 1 17-25 a) 4 b) 3 c) 3 17-26 a) 4 b) 2 c) 2 16-23 1. Detail tie-in 2. Detail tie-in 3. Existence, Accuracy, Realizable Value 4. Existence, Accuracy 5. Existence, Accuracy, Realizable Value 6. Cutoff 7. Rights
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8. Classification 16-25 a b c/d 1 Documentation 1 Completeness 2 Documentation 1 Occurrence 3 Inquiry 4 Cutoff 4 Reperformance 4 Detail tie-in 5 Observation 1 Posing and summarization 6 Documentation 2 Timing 7 Documentation 1 Occurrence 8 Documentation 4 cutoff 9 Analytical procedures 3 --- 17-27 a) (6,900,000/150,000) * 2 = 92 b) If poor results were obtained, then the required sample size for tests of details
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Unformatted text preview: of balances would need to be increased. The auditor could use the sample size formula to increase the sample size by increasing the assurance factor. c) I will select a systematic sample based on the dollar value of the population; the appropriate interval can obtained by dividing the population value by the required sample size. d) The population can be considered fairly stated, because the projected error of $45,000 is well below the tolerable misstatement of $150,000....
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