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Unformatted text preview: $ Tolerable Misstatement 125,000 $ Sample size 93 Desired confidence level 95% Beta = ARIA = 5% (1Beta) = 95% Anticipated Misstatement (AM) 27,722 $ Sampling interval 26,882 $ Example Information Steps in MUS Sampling Application Basic Precision If no misstatements are found in the sample, the best estimate of the population misstatement would be zero dollars . Sample Size 1 2 3 65 4.6 7.1 9.4 11.5 70 4.2 6.6 8.8 10.8 85 4.0 6.2 8.2 10.1 80 3.7 5.8 7.7 9.5 90 3.3 5.2 6.9 8.4 100 3.0 4.7 6.2 7.6 125 2.4 3.8 5.0 6.1 Actual Number of Deviations Found $26,882 × 3.0 = $80,646 upper misstatement limit They should have used a sample size of 90 or interpolated...
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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
 MONIKACAUSHOULLI

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