17 Audit Memo Examples to Download

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

What is Audit Sampling?