Question
The 1,000 accounts receivable of Baker Company have a total book value of $30,000 (Average book value = $30). Wendy Duffo, CPA, has selected and
The 1,000 accounts receivable of Baker Company have a total book value of $30,000 (Average book value = $30). Wendy Duffo, CPA, has selected and audited a sample of 50 accounts with the following mean values:
1. Book value of $29.00
2. Audited value of $29.50.
What is the estimated total audited value using difference estimation sampling?
What is the estimated total audited value using mean-per-unit sampling?
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Process Driven Comprehensive Auditing A New Way To Conduct ISO 9001 2000 Internal Audits
Authors: Paul C. Palmes
1st Edition
0873896416, 978-0873896412
