Question
You are auditing accounts receivable for a small company and have found the following results: Number and Size of Client Accounts Book Value of Stratum
You are auditing accounts receivable for a small company and have found the following results:
| Number and Size of Client Accounts | Book Value of Stratum | Book Value of Sample | Audit Value of Sample |
| 1,202 accounts < $1,000 | $948,378 | $59,175 | $51,256 |
| 532 accounts > $1,000 | $777,504 | $36,400 | $34,400 |
Use ratio projection to project your results.
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Gleim CIA Review Part 2 Practice Of Internal Auditing
Authors: Irvin N. Gleim
2020 Edition
1618542648, 978-1618542649
