In selecting items for examination, an auditor considered three alternatives: (a) Random number table selection, (b) Systematic
Question:
(a) Random number table selection,
(b) Systematic selection, and
(c) Random number generator selection.
Which, if any, of these methods would lead to a random sample if properly applied?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 58% (12 reviews)
All three of the methods of selecting items for examination ...View the full answer
Answered By
GERALD KAMAU
non-plagiarism work, timely work and A++ work
4.40+
6+ Reviews
11+ Question Solved
Related Book For
Principles of Auditing and Other Assurance Services
ISBN: 978-0078025617
19th edition
Authors: Ray Whittington, Kurt Pany
Question Posted:
Students also viewed these Auditing questions
-
Which if any of these statements are true? Stock prices appear to behave as though successive values. a. are random numbers. b. follow regular cycles. c. differ by a random number.
-
a. Explain how you could use a random number table (or the random numbers generated by software or a calculator) to simulate rolling a fair four-sided die 20 times. Assume you are interested in the...
-
a. Explain how you could use a random number table to simulate rolling a fair six-sided die 20 times. Assume you wish to find the probability of rolling a 1. Then report a line or two of the random...
-
Compute the stone's average velocity over the time interval [0.5, 2.5] and indicate the corresponding secant line on a sketch of the graph of h(t). A stone is tossed vertically into the air from...
-
A friend says that the International Space Station shown on the cover of this book is beyond the pull of Earth's gravity. Correct your friend's misconception.
-
An observatory has a telescope that requires an initial investment of $\$ 25,000$. A benefactor will provide a $\$ 7,500$ gift every 5 years as long as the university makes the telescope available to...
-
Consider a randomized block design with $k$ treatments and $b$ blocks.a. Derive the least squares estimators of the treatment effects using i) dummy coding and ii) deviation coding. b. Verify the...
-
The General Fund of Dilligan County, Virginia, has total fund balance of $17,000,000 at June 30, 20X0, the end of its fiscal year. Additional information is provided below. 1. The county has...
-
Assume that you have a new fast-food chain as a client in your advertising agency. Your client plans to open outlets in the state of Louisiana. Because the budget is somewhat limited, the initial...
-
There are 4 questions in that homework. Each is worth 25 pts. The due date is 19.00 pm next Tuesday (April 12). 1) A firm buys T-Bills in the secondary market whose face value is 1 000 000 today by...
-
Explain what is meant by the following statement: When sampling, the auditors should determine that the physical representation of the actual population is complete.
-
What are the three major factors that determine the sample size for an attributes sampling plan?
-
The data accompanying this exercise show miles per gallon (mpg) for 25 cars. a. State the null and the alternative hypotheses in order to test whether the variance differs from 62 mpg2. b. Assuming...
-
The chapter discussed five challenges to implementing an environmental management accounting (EMA) system within an organization. From your viewpoint, which of these challenges seems to be the...
-
Assume a company has a current ratio of 2.0. List two examples of transactions that could cause the current ratio to increase. Also list two examples of transactions that could cause the current...
-
Either individually or in groups, come up with ideas from large companies that are seemingly intrapreneurial. Discuss how each company is innovating beyond its core business.
-
SeaWorld amusement parks are located in Florida, Texas, and California. What specific factors might have contributed to those choices?
-
What is the link between a company's vision and its mission statement? Think about your own career as a start-up venture. What is your vision? What might be your mission statement?
-
Redraw the programmable connection matrix from Figure 3-44. Label the output signals (horizontal lines) from the connection matrix (from top row to bottom row) as follows: AAABADHE. Draw an X in the...
-
Should U.S. antidumping laws be stated in terms of average total costs or average variable costs?
-
A. If you were going to use headings in this document, how would you group sections? What headings would you use? B. Which parts of the document would you consider converting to bulleted or numbered...
-
For what reasons do auditors obtain an understanding of a clients internal control?
-
What is the basic relationship between the effectiveness of the clients internal control and the necessary effectiveness of substantive procedures?
-
What is the basic relationship between the effectiveness of the clients internal control and the necessary effectiveness of substantive procedures?
-
3. Use the math handbook page, located in the Appendix (~p89), to determine the first five frequencies of the series and their amplitude coefficients for the two waveforms shown below. Modify the...
-
4. Consider a mass-spring system where M = 2 and k = 8. (a) Express the general solution for this system. (You may have to refer to your ME 391 textbook.) (b) Say that M = 2 kg and k = 8 N/m,...
-
To measure the in-plane deformation of a thin sheet of metal during a forming process, three small hardness indentations are placed on the sheet. Using a travelling microscope, the initial lengths of...
Study smarter with the SolutionInn App