Auditing Accountant You intend to use MUS as part of the audit of several accounts for Roynpowere Manufacturing Company.

The audit conclusion will pertain to the entire $ 10 million, and no conclusion will be made about the three individual accounts unless significant misstatements are found in the sample.

a. Evaluate the audit approach of testing all three account balances in one sample.

b. Calculate the required the required sample size for a combined sample of all three accounts. Use $100,000 as the measure of tolerable misstatements for the combined tests

C. Calculate the required sample size for each of the three accounts, assuming you decide that the tolerable misstatements in each account is $100,000.

D. Assume that you select the random sample using computer software. How will you identify which sample item in the population to audit for for the number 4,627,871? What audit procedures will be performed

CE. Assume that you select a sample of 200 sample items for testing and you find one misstatements in inventory. The recorded value is $987.12 and the audit value is $887.12. Calculate the misstatements bounds for the three combined accounts and reach appropriate audit conclusions