Evaluate the results of the nonstatistical sample. Consider both the direct implications of the misstatements found and the effect of using a sample.
You have just completed the accounts receivable confirmation process in the audit of Danforth Paper Company, a paper supplier to retail shops and commercial users. Following are the data related to this process: Accounts receivable recorded balance $ 2,760,000 Number of accounts 7,320 A nonstatistical sample was taken as follows: All accounts over $10,000 (23 […]