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L12 Notes_Part_9 - Upper Misstatement Basic Precision 1.00...

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Steps in MUS Sampling Application Misstatements Detected In the sample of 93 items the following misstatements were found: Customer Book Value Audit Value Difference Tainting Factory Good Hospital 21,893 $ 18,609 $ 3,284 $ 15% Marva Medical Supply 6,705 4,023 2,682 40% Axa Corp. 32,549 30,049 2,500 NA Learn Heart Centers 15,000 - 15,000 100% Because the Axa balance of $32,549 is greater than the interval of $26,882, no sampling risk is added. Since all the dollars in the large accounts are audited, there is no sampling risk associated with large accounts.
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