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USCPA每日一练之AUD【2015-11-11】

高顿网校2015-11-11 09:20Lynn.yu
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　　In a probability-proportional-to-size sample with a sampling interval of $10,000, an auditor discovered that a selected account receivable with a recorded amount of $5,000 had an audit amount of $2,000. The projected error of this sample was

　　A. $8,000

　　B. $3,000

　　C. $6,000

　　D. $4,000

　　Answer:C

　　C is corrent because for accounts with a book value less than the sampling interval, one must first calculate a tainting percentage which is equal to: [(Recorded amount - Audit amount)/Recorded amount]. The tainting percentage is multiplied by the sampling interval to determine projected error. In this question the tainting percentage is 60% [($5,000 - $2,000)/$5,000]. The projected error is calculated as 60% times the sampling interval, or .60 x $10,000 = $6,000.

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