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  3. 2. 20 pts. you have been assigned to audit a proce

2. 20 pts. You have been assigned to audit a process within your company which...

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Accounting

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2. 20 pts. You have been assigned to audit a process within your company which requires you to A) randomly sample one monthly bank reconciliation (1) out of the year (12) and B) judgmentally select two monthly bank reconciliations (2) out of the same year (12) Unfortunately being a new and somewhat disorganized "rookie" Auditor, you failed to bring with you a random number generator program, a computer, a textbook, pens, paper, coins or any other normal means of randomly selecting one month. AND having successfully survived the first 7 weeks of RMU's ACCT 4010 Auditing class taught by Mr. Neish, you know that you cannot just pick a month randomly. However, having just come back from a trip to Las Vegas (broke), you find a crumpled one dollar bill in your pocket. How would you go about making your3 selections, 1 randomly & 2 judgmentally, thus demonstrating that Mr. Neish was a great Instructor who got you to leam how to think through problems There are actually TWO correct answers to the random selection process. give them both & eam 5 bonus points. Throw mud (such as suggesting you tear the bill into 10 equal pieces or that you play a flip game of heads & tales with the bill) & get negative points

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