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Unformatted text preview: • The anticipated misstatements (AM). • Population size. Performance - Pull the Sample 4. Select sample items. 5. Perform the auditing procedures. Evaluation 6. Understand and analyze any misstatements observed. 7. Calculate the projected misstatement (PM) and the upper error limit (UML). 8. Draw final conclusions. Sample Size = BV * R * ETF/(TM – (AM*EF)) = (2,500,000 * RF * 1)/(125,000 – (27,722*EF) Book value 2,500,000 $ Tolerable misstatement (TM) 125,000 $ Sample size 93 Desired confidence level = (1-ARIA) 95% Anticipated Misstatement (AM) 27,722 $ Sampling interval 26,882 $ Example Information Steps in MUS Sampling Application 3. Determine the sample size, using the following inputs: • The desired confidence level = (1- ARIA). • TM • AM • Population size....
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This note was uploaded on 10/05/2011 for the course ACG 5637 taught by Professor Monikacaushoulli during the Fall '08 term at University of Florida.
- Fall '08