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Allister Is Auditing a Client's Accounts Balance Recorded at $500,000

Question 40

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Allister is auditing a client's accounts balance recorded at $500,000 using monetary unit sampling and determined a sample size of 100 items.The following two misstatements were identified as a result of the substantive tests: Allister is auditing a client's accounts balance recorded at $500,000 using monetary unit sampling and determined a sample size of 100 items.The following two misstatements were identified as a result of the substantive tests: Confidence factors for a 5% risk of incorrect acceptance are shown below: What is the incremental allowance for sampling risk? A) $3,500 B) $5,000 C) $8,500 D) $15,000 Confidence factors for a 5% risk of incorrect acceptance are shown below: Allister is auditing a client's accounts balance recorded at $500,000 using monetary unit sampling and determined a sample size of 100 items.The following two misstatements were identified as a result of the substantive tests: Confidence factors for a 5% risk of incorrect acceptance are shown below: What is the incremental allowance for sampling risk? A) $3,500 B) $5,000 C) $8,500 D) $15,000 What is the incremental allowance for sampling risk?


A) $3,500
B) $5,000
C) $8,500
D) $15,000

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