M8 Flashcards
1
Q
Sampling Interval
A
Tolerable misstatement / reliability factor
2
Q
Sample size
A
total reported amount / sample interval
3
Q
Tainting Error
A
Difference / recorded amount
4
Q
Projected error
A
tainting % * sampling interval
5
Q
Mean per Unit
A
Average audited value * total population
6
Q
Ratio estimation
A
Audited value / book value * total book value
7
Q
Difference Estimation
A
Total book value - (Audited value - book value / Sample size * population)
