Use the following information to answer 47-50.In his audit o…
Use the following information to answer 47-50.In his audit of Daily Company’s accounts receivable, Hayes has decided to use MUS and has established the following parameters:Risk of incorrect acceptance 5%Tolerable misstatement $100,000Expected misstatement $20,000The company’s recorded balance for accounts receivable is $2,000,000. Assuming the sample size is 156, calculate the sampling interval.
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