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Unformatted text preview: 15-22 a.(1) b. (3) c. (2) d.(4)15-23 a. (1) b. (3) c.(4) d.(4)15-24 a. (4) b. (3) c.(2)15-32a.Just 5028. 6791.and 7364 should not be defined as an exception.B. It is in appropriate to set a single acceptable to tolerable exception rate and estimated population rate for the combined exceptions because each attribute has a different significance to the auditor.C. 6810 - 0.67%7625/8708/8528- 2.%8431-0.67%8566-0.678566/9974-1.33%9169-0.67%D. 6810- 5.33% it is sufficient7625/8780/8528 4% maybe sufficient8431-5.33% it is sufficient8566 -5.33% it is sufficient8566-9974- 4.67% maybe sufficient9169- 5.33% it is sufficientE. 6810- confirm the account balance to the customers. Examine the reduction in the perpetual inventory records.7625- trace the amount to the sales journal and accounts receivable master file. Examine the shipping document and recompute the sale amount8431- determine who recorded the invoice and check several others prepared by him to determine if the problem consistently occurs.to determine if the problem consistently occurs....
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This note was uploaded on 08/12/2011 for the course ACCT 620 taught by Professor Smith during the Spring '11 term at Alabama A&M University.
- Spring '11