You are auditing accounts receivable for a small company and have found the following results: Number and
Fantastic news! We've Found the answer you've been seeking!
Question:
You are auditing accounts receivable for a small company and have found the following results:
Number and Size of Client | Book Value of | Book Value of | Audit Value of |
1,202 accounts < $1,000 | $948,378 | $59,175 | $51,256 |
532 accounts > $1,000 | $777,504 | $36,400 | $34,400 |
Use ratio projection to project your results.
Related Book For
Auditing a risk based approach to conducting a quality audit
ISBN: 978-1133939153
9th edition
Authors: Karla Johnstone, Audrey Gramling, Larry Rittenberg
Posted Date: