Distinguish between non statistical and statistical sampling. What are the advantages and disadvantages of using statistical sampling?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 76% (13 reviews)
Nonstatistical sampling is an approach in which the auditor uses a haphazard selection technique or ...View the full answer
Answered By
Douglas Makokha
Unlock Academic Success with Dedicated Tutoring and Expert Writing Support!
Are you ready to excel in your academics? Look no further! As a passionate tutor, I believe that dedication and hard work are the keys to achieving outstanding results. When it comes to academics, I strive to provide nothing but the best for every student I encounter.
With a relentless thirst for knowledge, I have extensively researched numerous subjects and topics, equipping myself with a treasure trove of answers to tackle any question that comes my way. With four years of invaluable experience, I have mastered the art of unraveling even the most intricate problems. Collaborating with esteemed writers has granted me exclusive access to the trade secrets utilized by the industry's top professionals.
Allow me the pleasure of assisting you with your writing assignments. I thrive on challenges and will guide you through any obstacles you may face. Together, we will unlock your academic potential and pave the way for your success.
4.90+
60+ Reviews
341+ Question Solved
Related Book For
Auditing and Assurance Services A Systematic Approach
ISBN: 978-1259162343
9th edition
Authors: William Messier, Steven Glover, Douglas Prawitt
Question Posted:
Students also viewed these Auditing questions
-
What are the advantages and disadvantages of using short-term debt as a source of financing? Dan Barnes, financial manager of Ski Equipment Inc. (SKI), is excited but apprehensive. The companys...
-
What are the advantages and disadvantages of using short-term debt as a source of financing?
-
What are the advantages and disadvantages of using stock as compensation and incentives?
-
9. What will the following code print on the console? int main() { } int num = 4; cout < < (num & 3 == 0 ? "first" : "second"); return 0; a. second b. first c. There is a syntax error d. It will...
-
Draw a diagram showing the phases and turning points of a business cycle. Using the diagram, illustrate the concepts of recurrence and persistence.
-
What was the change in Globals book value of equity from 2021 to 2022 according to Table 2.1? Does this imply that the market price of Globals shares increased in 2022? Explain. TABLE 2.1 Liabilities...
-
Find the condition indices and the variance decomposition proportions for the Hald cement data (Table B.21), assuming centered regressors. What can you say about multicollinearity in these data?...
-
1. To what extent do the three people featured in this case study manage their own emotions on the job? How do they accomplish this? To what extent do you think they effectively manage emotions under...
-
Requirements Devon Manufacturing is preparing its master budget for the first quarter of the upcoming year. The following data pertain to Devon Manufacturing's operations: (Click the icon to view the...
-
Data Table 2: Sodium Hypochlorite SDS information Items Physical State Route of Exposure & Symptoms Protective Equipment First Aid Procedures Fire-fighting Measures Chemical Reactivity Safe Storage...
-
List audit evidence types that do not involve sampling and provide an example of a situation where an auditor would not use audit sampling.
-
Define attribute sampling. Why is this sampling technique appropriate for tests of controls?
-
To automate one of its production processes, the Milwaukee Corporation bought three flexible manufacturing cells at a price of $400,000 each. When they were delivered, Milwaukee paid freight charges...
-
Use standard compiler - optimization methods and multiple optimization phases to optimize the following C code by hand: #define UNIT 1 #define FULL 1 void main(void) { int a,b; a=FULL; b=a; if...
-
The door - open button in Figure 5.2 is of momentary - pressure type. Hence, it is enough to press the button momentarily to open the door. However, when there is a fi re in the building and the...
-
Find at least three advantages and three disadvantages of the HSMC architecture (see Fig. 9.2 ). Based on those findings, evaluate your confidence (scale 0 1) on this particular hardware vision. By...
-
In the response - time example of Section 1.1 , the time from observing a passenger between the closing door blades and starting to reopen the elevator door varies between 305 and 515 ms. How could...
-
What are the main challenges or even obstacles behind the suggested design and implementation procedure of Figure 9.5 ? Based on the identified challenges, evaluate your confidence (scale 0 1) on...
-
Determine whether each process is exothermic or endothermic and indicate the sign of H. a. Dry ice evaporating b. A sparkler burning c. The reaction that occurs in a chemical cold pack used to ice...
-
Explain the circumstances that could result in a long-term bank loan being shown in a statement of financial position as a current liability.
-
Look again at Figure 8.3 and answer the following questions. a. Why is the demand curve for foreign exchange downward sloping? b. Why is the supply curve for foreign exchange upward sloping? c. Who...
-
An IT system uses two types of software: system software and application software. Explain the difference between these two types of software.
-
Distinguish between end user computing and a distributed data processing network.
-
Compare the responsibilities and objectives of the data control group in an information systems department to those of the internal auditors with respect to IT processing activities.
-
Sandy Bank, Incorporated, makes one model of wooden canoe. Partial information is given below. Required: 1. Complete the following table. 2. Suppose Sandy Bank sells its canoes for $510 each....
-
FIFO and LIFO costs under perpetual inventory system The following units of an item were available for sale during the year: 29 units at $44 Beginning inventory Sale 26 units at $64 First purchase 15...
-
Pie Corporation acquired 75 percent of Slice Company's ownership on January 1, 20X8, for $93,000. At that date, the fair value of the noncontrolling interest was $31,000. The book value of Slice's...
Study smarter with the SolutionInn App