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cpahalltalk.com
See How to Use Audit Risk Assessment
See How to Use Audit Risk Assessment Are you looking for a way to be more efficient and effective in your audits? A proper use of audit risk assessment procedures and the risk of material misstatement formula is your best opportunity. Click here to learn how.
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SOLVED:Sampling by accountants Accountants often use. stratified samples during audits to verify a company's records of such things as accounts receivable. The stratification is based on the dollar amount of the item and often includes 100 dollar sampling of the largest items. One company reports 5000 accounts receivable. Of these, 100 are in amounts aver 50,000 dollar; 500 are in amounts between 1000 dollar and 50,000 dollar; and the remaining 4400 are in amounts under 1000 dollar. Using these
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