Monetary unit sampling: size, interval, selection
This lesson is part of the course
In this lesson
You size a monetary unit sample for Kestrel's receivables, set the interval and pick the customers to confirm with MATCH on cumulative amounts.
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Lessons in this course
- Materiality: overall, performance & trivial Locked
- Analytical procedures: expectation vs actual Locked
- Monetary unit sampling: size, interval, selection Locked
- Three-way match: PO, receipt, invoice Locked
- Duplicate payments & round-amount tests Locked
- Benford's law: the first-digit test Locked
- Journal-entry testing: weekends, after hours, users Locked
- Ratio red flags: DSO jump & margin swing Locked