In a difference estimation plan for a population of 1,500 items, an auditor found total recorded and audited value for a sample of 100 items to be P120,000 and P126,000, respectively. What is the total projected monetary difference for the population? *       a.6,000       b. 90,000       c. 126,000

Auditing: A Risk Based-Approach (MindTap Course List)
11th Edition
ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter8: Specialized Audit Tools: Attributes Sampling, Monetary Unit Sampling, And Data Analytics Tools
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In a difference estimation plan for a population of 1,500 items, an auditor found total recorded and audited value for a sample of 100 items to be P120,000 and P126,000, respectively. What is the total projected monetary difference for the population? *
 
 
 
a.6,000
 
 
 
b. 90,000
 
 
 
c. 126,000
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