Edwards has decided to use monetary unit sampling (MUS) in the audit of a clientâs accounts receivable balance. Few, if any, misstatements of the account balance are expected.1. Calculate the sampling interval and the sample size Edwards should use given the following information:Tolerable misstatement $ 50,000Risk of incorrect acceptance 5%Estimated misstatement $ 15,000Recorded amount of accounts receivable $3,000,000
