A random sample of 200 from a population of 1000 accounts receivable. Total misstatement for the sample is $3000, total recorded amount for the sample is $60,000, total population recorded amount is $330,000. What is the estimated total population misstatement under difference estimation??
A random sample of 200 from a population of 1000 accounts receivable. Total misstatement for the sample is $3000, total recorded amount for the sample is $60,000, total population recorded amount is $330,000. What is the estimated total population misstatement under difference estimation??
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
Section: Chapter Questions
Problem 17CYBK
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