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ow first we calculate misstatement as per sample value categories as follows:-
Stratum/Category 1, >$75,000 includes only one misstatement as $26,003
Now, Estimation of total amount of misstatements in account receivable population:-
how were projected misstatement calculated
Stratum | Sample value (a) | Sample | Book value (c) | Projected Misstatement |
1 | 1287643 | 26003 | 1287643 | 26003 |
2 | 1349678 | 15565 | 4348268 | 50145.88029144729 |
3 | 94637 | 5825 | 947682 | 58330.75488445323 |
TOTAL | 2731958 | 47393 | 6583593 | 134479.63517590053 |
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