Explain the difference between replacement sampling and nonreplacement sampling. Which method do auditors usually follow? Why?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (14 reviews)
In replacement sampling an element in the population can ...View the full answer
Answered By
Hamza Amjad
Currently I am student in master degree program.from last two year I am tutring in Academy and I tought many O/A level student in home tution.
4.80+
3+ Reviews
10+ Question Solved
Related Book For
Auditing and Assurance services an integrated approach
ISBN: 978-0132575959
14th Edition
Authors: Alvin a. arens, Randal j. elder, Mark s. Beasley
Question Posted:
Students also viewed these Auditing questions
-
Explain the difference between replacement sampling and non replacement sampling. Which method do auditors usually follow? Why?
-
Explain the difference between sampling with replacement and sampling without replacement. Suppose you have the names of 10 students, each written on a 3 by 5 notecard, and want to select two names....
-
Explain the difference between absorption costing and variable costing. Why do internal users need variable costing information?
-
Explain why b x = e x ln b .
-
It has been your secret wish to own and operate an amusement park when you can afford to make the investment. That time has now arrived. There is a large empty lot at the outskirts of Phoenix,...
-
When might investors use tranched as opposed to staged financing?
-
If the assembly fits snugly between the two supports A and C when the temperature is T 1 , determine the normal stress developed in both segments when the temperature rises to T 2 . Both segments are...
-
On January 1, the Voluntary Action Agency received a cash contribution of $300,000 restricted to the purchase of buses to be used in transporting senior citizens. On January 2 of that same year,...
-
How does the concept of inherently safer design (ISD) integrate with hazard analysis to promote safety at the earliest stages of process design? Provide examples where ISD principles have...
-
Show that (n+1) 5 is O(n 5 ).
-
Explain the major difference between statistical and nonstatistical sampling. What are the three main parts of statistical and nonstatistical methods?
-
What are the two types of simple random sample selection methods? Which of the two methods is used most often by auditors and why?
-
1. Draw the Supply Curves. The following table shows short-run marginal costs for a perfectly competitive firm: a. Use this information to draw the firms marginal cost curve. b. Suppose the shut-down...
-
Lively Sales Co. has predicted the following costs for this year for 500,000 units: Manufacturing Selling and Administrative Variable $250,000 $125,000 Fixed 600,000 150,000 Total $850,000 $275,000...
-
Security in the workplace: Identify four potential security issues in the workplace, and why are these security issues are concerns. Give three examples of how your employer deals with potential...
-
Water at 40 C flows steadily from a large open tank and discharges to atmosphere through a pipe (D = 150mm), as shown in the figure (below). If the barometric (absolute) pressure is 96.5 kPa,...
-
4. Assume the vector is divided into two equal size (to be fit into the matrix) and two map tasks and one reduce task is used. Illustrate the computation of each map and reduce task, and give the...
-
Suppose x and y change together such that 1 = " or Ay 4 = 1 4 Ax. This means that there is a constant rate of change of y with respect to x. Furthermore, when x = 5,y= - 6. Write a formula that...
-
Define event, state and transition.
-
Prepare a stock card using the following information A company is registered for GST which it pays quarterly, assume GST was last paid on the 30th of June 2019. It uses weighted average cost...
-
a. We hope that the new year will be prosperous for you, and that we may have many more opportunities to serve you. b. We hope that the new year will be prosperous for you and that we may have many...
-
Because revenue recognition is presumed to be a fraud risk in most audits, generally the double-entry nature of accounting means the existence of accounts receivable is also at risk. In recent years,...
-
Assume you performed sampling for an accounts receivable population with a recorded population amount of $2,000,000. Tolerable misstatement is set at $100,000 for the test, and there are no...
-
What is the relationship between ARIA for tests of details of balances and ARO for tests of controls?
-
Characterize the nature of motivation, including its importance and focus Identify and describe the need theories on motivation. Identify and describe the behavior theories on motivation. Identify...
-
Calculate the amount that Astrid should withdraw from her college savings fund of $21000 if she wishes to withdraw equal amounts at the end of each month for four years. The annual nominal interest...
-
Jason borrows $ 10300 for the next 4 years at a variable interest rate. Assume that the interest accumulates for 4 years at an annual nominal rate of 11% compounded quarterly. Calculate the...
Study smarter with the SolutionInn App