P. Roberts, CPA, decided to use monetary unit sampling (MUS) in the audit of a client’s accounts receivable balance. The recorded amount of the accounts receivable control account totaled $2,000,000 and consisted of approximately 5,000 accounts. Roberts established a tolerable misstatement of $100,000, a risk of incorrect acceptance of 5 percent, and an expected error of $10,000.
a. Calculate the sample size.
b. Calculate the sampling interval.
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