a. Determine sample size: Determine sample size for each company using classical variables MPU estimation sampling. b.
Question:
a. Determine sample size: Determine sample size for each company using classical variables MPU estimation sampling.
b. Analysis and evaluation: Assume the total audited value of the Company X sample is $13,600 and the standard deviation is $52. Evaluate the sample results.
c. Analysis and evaluation: Assume the average of the sample audit values in the Company Y sample is $90 and the standard deviation is $30. Evaluate the sample results.
Data relevant to the December 31, 2022, audit of accounts receivable in two of your clients is presented in the tabulation below.
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...
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a Company X sample size 160 See spreadsheet C106xl...View the full answer
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Related Book For 
Auditing A Practical Approach with Data Analytics
ISBN: 978-1119401742
1st edition
Authors: Raymond N. Johnson, Laura Davis Wiley, Robyn Moroney, Fiona Campbell, Jane Hamilton
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