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I would like help with my auditing class practice...




I would like help with my auditing class practice problem. I need completed work display and it include a book value and sampling population. (I can supply book value when upon agreement. Required 1. Identify the audit objectives that are accomplished by this test. 2. Determine sample size based on the following audit judgments. a. Tolerable misstatement is assessed at $325,000. b. The risk of incorrect acceptance is assessed at 37 percent. c. Anticipated misstatement is assessed at $100,000. 3. Develop a scenario that is consistent with setting the risk of incorrect acceptance at 37 percent. 4. Select a PPS sample of the above inventory population using the sample size determined in (2) above. 5. Explain the tests that you would perform to test the correctness of pricing of raw materials, work in progress, and finished goods. (The student may wish to consult Chapter 16.) 6. Determine the amount of projected population misstatement based on your sample. 7. Considering your quantitative and qualitative results, develop a statistical conclusion and an audit conclusion based on your sample. Must show all work in details,Here is the book value that I talked about with the assignment 13-36 problem.,Hi, I do not understand how you arrived at some of your answers. I have include a red mark of all the items I do not understand. Can you please go down the red list of marks and give me a indepth explaining of how you calculated some of my work. Thank you.,I just realize that you did not attempt to do problem 6 & 7 at the bottom of my assignment. I have include these questions hightlighted in the bottom of this assignment. (6 & 7)


Paper#5845 | Written in 18-Jul-2015

Price : $25