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ACCT 107 You have decided to sample Accounts Receivable as part of the audit of Clean Machines, in You will be using nonstatistical sampling. The
ACCT 107 You have decided to sample Accounts Receivable as part of the audit of Clean Machines, in You will be using nonstatistical sampling. The book value of A/R is $2,000,000. Tolerable misstatement is set at $50,000. Expected misstatement is $20,000. You select customer account balances as the sampling unit. You decide to stratify the population. Stratum Number and Size of Accounts 10 accounts > $40,000 50 accounts $10,000-$40,000 120 accounts $40,000 50 accounts $10,000-$40,000 120 accounts
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