CPA Practice Test 10

10 free CPA practice questions in the real exam format, covering the official content areas, with an explanation for every answer.

CPA Practice Test 10Tutor mode

Question 1 of 10

Performing Further Procedures and Obtaining Evidence

The auditor of Tamsin Electrical Distributors, a nonissuer, uses monetary-unit sampling with a sampling interval of $25,000 to test the existence of accounts receivable. Two sampled accounts were overstated, as shown. The total projected misstatement is

Misstatements found in the MUS sample
CustomerBook valueAudited value
Orchard Ridge Contractors$8,000$6,000
Valmont Industrial$50,000$46,000