Maurice Tutor

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Teaching Since: May 2017
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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 07 Oct 2017 My Price 6.00

cumulative square root

Refer to Exercise 4.41. The auditor now wants to subsample some accounts from the 20 accounts for more detailed auditing. Separate the 20 accounts into two strata by applying the cumulative square root of frequencies method to the amounts given.

Exercise 4.41

An auditor randomly samples 20 accounts receivable from the 500 accounts of a certain firm. The auditor lists the amount of each account and checks to see whether the underlying documents are in compliance with stated procedures. The data are available via electronic Section 4.0 (amounts in dollars, Y = yes, N = no). Estimate the total accounts receivable for the 500 accounts of the firm and place a bound on the error of estimation. Do you think that the average account receivable for the firm exceeds $250? Why?

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Maurice Tutor
(5)
Status NEW Posted 07 Oct 2017 11:10 PM My Price 6.00

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