An account balance is $300,000 and there are 25 items in the account, six of which have
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An account balance is $300,000 and there are 25 items in the account, six of which have balances that equal or exceed $15,000. The auditor plans to use a monetary-unit sampling plan with systematic sample selection. To ensure that all accounts with balances of at least $15,000 are selected, the sampling interval should be
6 | ||
20 | ||
12,000 | ||
15,000 |
Expert Answer:
Required sollution Answer The sampling interval should be 15000 Explaination Typically th... View the full answer
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