The inventory of a subsidiary consists of 14,980 items valued at $19,625,000. The inventory data are not
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The inventory of a subsidiary consists of 14,980 items valued at $19,625,000. The inventory data are not available in computer-readable form, but are contained in 217 pages of printout with 60 lines per page. Each page has a page total. Based on the last audit, the auditor expects there to be’ few misstatements that are overstated. The most efficient sampling technique to test the reasonableness of the stated value is
a. Stratified MPU estimation
b. Dollar unit (PPS) sampling
c. Difference estimation
d. Ratio estimation
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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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