What is the relationship between the tolerable rate of deviation and sample size?
Question:
What is the relationship between the tolerable rate of deviation and sample size?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (1 review)
The tolerable rate of deviation and sample size have an inverse relationship when conducting tests of controls The tolerable rate of deviation is the ...View the full answer
Answered By
Ishrat Khan
Previously, I have worked as an accounting scholar at acemyhomework, and have been tutoring busines students in various subjects, mostly accounting. More specifically I'm very knowledgeable in accounting subjects for college and university level. I have done master in commerce specialising in accounting and finance as well as other business subjects.
5.00+
134+ Reviews
427+ Question Solved
Related Book For
Auditing A Practical Approach
ISBN: 9781118878415
1st Extended Canadian Edition
Authors: Robyn Moroney, Fiona Campbell, Jane Hamilton, Valerie Warren
Question Posted:
Students also viewed these Business questions
-
The firm of Buy and Best, CPAs, is engaged to conduct the audit of Radio Hut, a retailer of electronic and other high- technology products. Because of technological advances in Radio Huts inventory...
-
Baker, CPA, was engaged to audit Mill Companys financial statements for the year ended December 31, 200X. After obtaining an understanding of Mills internal control, Baker decided to obtain audit...
-
Baker, CPA, was engaged to audit Mill Company's financial statements for the year ended September 30, 20X1. After obtaining an understanding of Mill's internal control structure, Baker decided to...
-
2. Using the data below, create the project schedule using normal times. Determine the order in which you would crash the project one day, two days, and so on until it is in an all-crash mode....
-
If a speculator purchases $1 million worth of Swiss francs, and the United States subsequently devalues the dollar by 20 percent, how much in dollars will the speculator gain or lose by converting...
-
Apple Inc. designs, manufactures, and markets personal computers and related software. Apple also manufactures and distributes music players (iPod) and mobile phones (iPhone) along with related...
-
Ki Corp. is in liquidation under Chapter 7 of the Federal Bankruptcy Code. The bankruptcy trustee has established a new set of books for the bankruptcy estate. After assuming custody of the estate,...
-
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...
-
Image transcription text Heat Exchanger: Concentric Tube Connection: Parallel Ambient Temerature: 24 C Heater Tank Temperature: 60 C Cold Flow (m^3/s) Hot Flow (m^3/s) Cold Flow (L/min) Hot Flow...
-
How is the auditor's required confidence level influenced by control risk?
-
What are the factors that influence sample size when testing controls?
-
In a digital communication system, a block of data bits is mapped into an - bit codeword that typically contains the information bits as well as n k redundant bits. This is known as an (n, k) block...
-
Explain what decisions Brand Managers will make in the development of a new product. Explain why these are important decisions to be made and how they could impact the success of the product.
-
George completes a self-test to find out what type of investor he is. He assigns himself a risk aversion level of 1. What does that mean regarding George's investing profile and investing...
-
Carpark Scenario At 8 am, you're outside with Anthony and the pre-school class. Your pre-school yard backs onto the service's carpark and even though the fence is quite high, you need to engage in...
-
The S&P/ASX 200 Index is trading at 7138.681 and the dividend yield is 4.21%, if there are 104 days to expiry of the SPI200 contract and the continuously compounded rate of return is 3.5367%, what is...
-
What are some drawbacks of Technological factors and environmental forces that influence how an organization provides services, how the organization reaches out to its customers
-
The Tokyo Round of GATT emphasized the reduction of nontariff barriers. How does the Uruguay Round differ?
-
Consider the circuit of Fig. 7.97. Find v0 (t) if i(0) = 2 A and v(t) = 0. 1 3 ett)
-
Why are audit tests more likely to be conducted at or after year end for high-risk clients than for low-risk clients? Explain.
-
Why are audit tests more likely to be conducted at or after year end for high-risk clients than for low-risk clients? Explain.
-
Explain the difference between the two types of sampling risk for controls: overreliance on an ineffective system of internal controls, and under reliance on an effective system of internal controls....
-
Kraft Heinz was forced to pay $62 million to settle charges of accounting fraud. Two top executives coordinated the plan, which involved some accounting trickery that overstated the company's cost...
-
General, assuming no exceptions apply, how long is the statue of limitations for taxpayers to file a claim to refund or for the IRS to assess additional tax?
-
1. Currently, Jim Morris makes $100,000. Next year his income will be $120,000. Jim is a big spender and he wants to consume $150,000 this year. The equilibrium interest rate is 10 percent. What will...
Study smarter with the SolutionInn App