Home / Expert Answers / Accounting / using-the-ratio-estimation-method-an-auditor-has-properly-calculated-the-estimated-total-audited-pa704

(Solved): Using the ratio estimation method, an auditor has properly calculated the estimated total audited ...



Using the ratio estimation method, an auditor has properly calculated the estimated total audited value of a population as $100,000. Her sample included 100 of the population's 20,000 items. She found that, in her sample, the average audited value was $1 more than the average book value. What was the projected understatement? A: $0 B:$10,000 C:20,000 D:$25,000



We have an Answer from Expert

View Expert Answer

Expert Answer


We have an Answer from Expert

Buy This Answer $5

Place Order

We Provide Services Across The Globe