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EXAMPLE Auditing Accounts Receivable - stratified by days overdue Errors found Value of sample Value of population Projected 0-30 days 31-60 days61+ days $2,000 $100,000$85,000

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EXAMPLE Auditing Accounts Receivable - stratified by days overdue Errors found Value of sample Value of population Projected 0-30 days 31-60 days61+ days $2,000 $100,000$85,000 $850,000 $3,000 $100,000 $100,000 $4,500 $450,000 misstatement Total misstatement for Accounts Receivable

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