#5

Assume that you are using the following nonstatistical sample for selecting accounts receivable for confirmation. The total book value of the population is $9,000,000, and tolerable misstatement is $350,000. You have decided to audit every item over $50,000 and randomly select items in two groups under $50,000, as the following shows. You selected the following sample. Evaluate results judgmentally: Determine the estimated audit value of the population using the non-statistical ratio method. Estimated audit value of the population