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Required information The following information applies to the questions displayed belo The auditors of Landi...

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Accounting

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Required information The following information applies to the questions displayed belo The auditors of Landi Corporation wish to use a structured approach to nonstatistical sampling to evaluate the reasonableness of the accounts receivable. Landi has 16,500 receivable accounts with a total book value of $2.555,000 The auditors have assessed the combined level of inherent and control risk at a moderate level and believe that their other substantive procedures are so limited as to require a "maximum" risk assessment. After considering the overall audit plan, the auditors believe that the test's tolerable misstatement is $59,000. Use Eigure 9.13 to determine the reliablity factor Required a. Calculate the required sample size. (Roundup to the next whole number.)

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