How is the sampling unit defined when monetary- unit sampling is used for statistical sampling? How is

Question:

How is the sampling unit defined when monetary- unit sampling is used for statistical sampling? How is the sampling unit defined when classical variables sampling is used?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Auditing and Assurance Services A Systematic Approach

ISBN: 978-1259162343

9th edition

Authors: William Messier, Steven Glover, Douglas Prawitt

See More Books

Question Posted: Sep 22, 2014 09:21 AM

See More Questions

What is the sampling unit when gathering evidence about misstatements in account balances and associated assertions? Provide examples of sampling units in the context of accounts receivable.
How does sample selection under classical variables sampling differ from sample selection under?
Monetary unit sampling (MUS) is the most commonly used statistical method of sampling for tests of details because of its simplicity and its ability to provide statistical results in dollars. Read an...
Write a method to take an integer array as a parameter and return how many elements having the same digits in each element in the array for example if we have array 1 1 , 4 4 , 1 4 , 2 3 , 1 2 , 5 6...
Luddites was a name given to a group of skilled textile workers (known as croppers) who, in the early 1800s in England, would break into textile mills and smash the new mechanized textile looms they...
Middleborough is a proprietary company operates in South Australia. It has total assets of $$48$ million and total liabilities of $$25$ million. Its revenue for the current year was $$45$...
Consider the National Football League data in Table B.1. Restricting your attention to regressors $x_{1}$ (rushing yards), $x_{2}$ (passing yards), $x_{4}$ (field goal percentage), $x_{7}$...
For the following purchases of merchandise, determine the amount of cash to bepaid: Total Invoice Cr Credit Terms Amount of Freight Ivice Returs andDate PurchaseDate Purchase Charges Amount...
Using the account details provided below, prepare a single-step Income Statement for Chariot Consulting's fiscal year end. List each applicable account on a separate line. Account Balance Accounts...
Steven owns and runs a store called Zodiac General Dealer. He allows goods to be sold on credit. Zodiac's year-end is 28 February. Steven went over all information pertaining to debtors to find out...
List the steps in a statistical sampling application for substantive testing.
How are the desired confidence level, the tolerable misstatement, and the expected misstatement related to sample size?
When would the high-low method be appropriate for estimating variable and fixed costs? When would least-squares regression be the most desirable?
Compare and contrast the progressive and positive discipline procedures. List the ways they are similar and the ways they are different.
What communication and HR practices does New Belgium use to keep employees in the loop so they feel involved with the company and part of a community? Kim Jordan and Jeff Lebesch, the husband and...
More companies are using a compensation system that incorporates customer satisfaction as a more reasonable formula to give incentives to employees. Discuss how you would use such a system. What are...
Do you think offering incentives to key contributors motivates them as well as other employees to do a better job? Why or why not? If not, what alternative ways do you propose? Explain....
What do you think is the role of money as a determinant of a persons satisfaction at work and with life in general? Should organizations worry about this issue? Explain.
Write an equation for the formation of each compound from its elements in their standard states, and find H f for each in Appendix IIB. a. NH 3 (g) b. CO 2 (g) c. Fe 2 O 3 (s) d. CH 4 (g)
What is a lobbyist in US? How did this term emerge?
An article in Wall Street Journal in the fall of 2012 quoted an options broker as saying: The market is relatively strong with a good couple of months this summer, so put options are expensive as...
The following is a computer printout generated by audit software using probability-proportional-to-size (PPS)sampling: WINZ CORPORATION Receivable Sampling Evaluation Results December 31, 20X2...
Edwards has decided to use probability-proportional-to-size (PPS) sampling, sometimes called dollar-unit sampling, in the audit of a clients accounts receivable balance. Few, if any, misstatements of...
Bill Pei, CPA, is about to begin his audit of the accuracy of his clients accounts receivable. Based on experience, he expects that approximately 1 percent of the clients 40,000 accounts have errors....
Compare life cover end funeral cover stating the advantages and disadvantages of each.
What are the change management issues in C 3 solutions?
What are 2 key events discussed in the documentary kanyi?

How is the sampling unit defined when monetary- unit sampling is used for statistical sampling? How is

Question:

Step by Step Answer:

When monetaryunit sampling MUS is used the sampling unit is ...View the full answer

Auditing and Assurance Services A Systematic Approach

Students also viewed these Auditing questions