Solution for QID #60222: Case studyJoahim Gauss S.C. Joahim Gauss is the limited p | StudyHelpMe

Case study Joahim Gauss S.C. Joahim Gauss is the limited partnership of the auditors, during the audit of Kurnik Polski Pls there were randomly selected 25 balances of the clients and agreed to the supporting documentation and confirmation the errors identified  are shown in the table below Customer Balance as per client Balance as per auditor Difference Kowalski s.a. 582218 597595 -15378 RTDT s.a. 890111 912924 -22814 Oramas sp. z o.o. 379564 286505 -93059 Kariabik s.c. 827956 860679 -32723 Topola s.kom. 42953 178808 -135855 Wyj?cie s.a. 660065 665256 5190 Element s.c. 869434 842310 27124 Kostrzewa Adam 331267 352151 -20884 John Smith 166144 141369 24775 Sum 4 749 712 4837597 -263623   Total value of the trade debtors amount to €8 276 345,25; value in sample  5 123 437. Total value of receivables disclosed on the face of the balance sheet amount to € 8 076 245,25. Engagement materiality is €1.7 million, tolerable error €1million, the SAD limit is €100k.   You are required to:   Q1- Show the value of identified error and describe how to estimate the value of error against the entire trade debtors. Approximate the total value of errors in all trade debtors' population and assess the appropriateness of the debtor's provision. Point out the different audit procedures you might apply to trade debtors to ensure fairness of the total population.