What does this sentence mean?

Auditing

"If a class of transaction or account balance has been divided into strata, the misstatement is projected for each item separately" Pg 7.10

Kumarjit Dey

CA Inter

★ 4K+

02-Dec-20 01:19

799

Answers (1)

Best Answer

If you group account balances into different buckets, misstatement from sample would be projected separately for each bucket.

CA Suraj Lakhotia

Admin

02-Dec-20 07:56