Question: Elect one particular sampling method and use that approach to calculate the necessary sample size for your audit of the accounts receivable. Explain your judgments
Elect one particular sampling method and use that approach to calculate the necessary sample size for your audit of the accounts receivable. Explain your judgments in calculating the sample size.Given your internal control insights, you believe that you need to look at the accounts receivable accounts of the milk company for the year ended June The companys accounts receivable balance was recorded as $ and comprised more than customer accounts. However, the five largest customer balances comprised a high percentage of the recorded accounts receivable more than $ or In relation to the determining a sampling technique, your team has advised of the following parameters:
Risk of incorrect acceptance
Tolerable error $
Expected error $
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