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 30 June 2024. The companys accounts receivable balance was recorded as $5,260,000 and comprised more than 2,300 customer accounts. However, the five largest customer balances comprised a high percentage of the recorded accounts receivable (more than $1,000,000, or 20%). In relation to the determining a sampling technique, your team has advised of the following parameters:
Risk of incorrect acceptance 5%
Tolerable error $200,000
Expected error $50,000

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