Finley Gunny is using nonstatistical sampling in the examination of Highway Companys accounts receivable, which were recorded
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Required:
a. How does Gunny determine sample size using non-statistical sampling?
b. If the items selected by Gunny had an aggregate recorded balance of $ 50,000 and an aggregate audited balance of $ 45,000, calculate the estimated audited balance.
c. What would Gunny conclude with respect to the fairness of Highway’s accounts receivable?
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Related Book For
Auditing and Assurance Services
ISBN: 978-0077862343
6th edition
Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws
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