The auditor will select the MUS sample from the 3,140 inventory items described in Question 17-10 using
Question:
The auditor will select the MUS sample from the 3,140 inventory items described in Question 17-10 using systematic sampling. Assuming a random starting point of 123,608, identify the cumulative dollar amounts associated with the first five sample items. How will the auditor determine the physical inventory items associated with each sample dollar?
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The auditor would first determine the sampling interval to be used as follows ...View the full answer
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Related Book For 
Auditing And Assurance Services An Integrated Approach
ISBN: 9780135176146
17th Edition
Authors: Alvin A. Arens, Randal J. Elder, Mark S. Beasley
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