Between quarterly audits, a company likes to check on its accounting procedures to address any...
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Accounting
Between quarterly audits, a company likes to check on its accounting procedures to address any problems before they become serious. The company processes payments on about orders each day. The next day, the supervisor rechecks of the transactions to be sure that they have been processed properly. a Propose a sampling strategy for the supervisor. b How would you modify the strategy if the company makes both wholesale and retail sales?
Between quarterly audits, a company likes to check on its accounting procedures to address any problems before they become serious. The company processes payments on about orders each day. The next day, the supervisor rechecks of the transactions to be sure that they have been processed properly.
a Propose a sampling strategy for the supervisor.
b How would you modify the strategy if the company makes both wholesale and
retail sales?
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