The following information relates to a nonstatistical sample used for a price test of inventory: Required: a.
Question:
The following information relates to a nonstatistical sample used for a price test of inventory:
Required:
a. What is the best estimate of the total misstatement if the sample projection is based on the proportion of:
I. Items tested?
II. Dollars tested?
b. Are these results acceptable? Explain.
c. If the results are not acceptable, what possible courses of action can the auditor take?
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Related Book For 
Auditing Concepts For A Changing Environment With IDEA Software
ISBN: 9780324180237
4th Edition
Authors: Larry E. Rittenberg, Bradley J. Schwieger
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