An auditor is determining the appropriate sample size for testing inventory valuation using dollar unit sampling. The

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An auditor is determining the appropriate sample size for testing inventory valuation using dollar unit sampling. The population has 2,620 inventory items valued at \($12,625,000.\) The allowable understatement or overstatement is \($500,000\) at a 90% confidence level. No errors are expected in the population. Calculate the preliminary sample size u§ing a 100% average error assumption.

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Applications Of Statistical Sampling To Auditing

ISBN: 9780130391568

1st Edition

Authors: Alvin A. Arens, James K. Loebbecke

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