Take the illustration of PPS sampling starting on page 450 of the chapter material and do the

Question:

Take the illustration of PPS sampling starting on page 450 of the chapter material and do the following:

a. Assume a tolerable misstatement of $\$ 150,000$ instead of $\$ 100,000$, leaving all other variables on page 450 the same. Calculate the sample size and the sampling interval.

b. Repeat (a), assuming a tolerable misstatement of $\$ 120,000$.

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

Step by Step Answer:

Related Book For book-img-for-question

Auditing An Assertions Approach

ISBN: 9780471134213

7th Edition

Authors: G. William Glezen, Donald H. Taylor

See More Books

Question Posted: May 08, 2024 01:30 AM

See More Questions

Required a. Use professional judgment in deciding on the preliminary judgment about materiality for earnings, current assets, current liabilities, and total assets. Your conclusions should be stated...
CANMNMM January of this year. (a) Each item will be held in a record. Describe all the data structures that must refer to these records to implement the required functionality. Describe all the...
can someone solve this Modern workstations typically have memory systems that incorporate two or three levels of caching. Explain why they are designed like this. [4 marks] In order to investigate...
ABC Pty Ltd would like to set up a Virtualisation Platform on their organisation. You have been hired by Company to be their network and system administrator to implement virtualisation for...
Let c = (c0, c1,... , cn-1)T Cn be the vector of discrete Fourier coefficients corresponding to the sample vector f = (f0, f1,..., fn-1)T. (a) Explain why the sampled signal f = Fn c can be...
You are performing the audit of the XX Limited (CXX) financial statements for its year ended September 30, 20X0. CXX is a private company and operates a grocery distribution business in the Greater...
Journalize the following transactions of Cramer, Inc., which ends its accounting year on June 30: Apr 1 Jun 6 30 Loaned $20,000 cash to R. Simpson on a one-year, 8% note. Sold goods to Friday, Corp.,...
This problem continues the Draper Consulting, Inc., situation from Problem 13-37 of Chapter 13. Refer to the comparative balance sheet for Draper Consulting. Requirement 1. Prepare the statement of...
The WHOSEY Company purchased a machine on 1 / 1 / 0 7 for $ 1 8 0 , 0 0 0 . The economic life of theAsset is 5 years. The salvage value is $ 5 0 , 0 0 0 . The economic life in terms of output is 6 5...
Mead, CPA, was engaged to audit Jiffy Co.'s financial statements for the year ended August 31, 19X8. Mead is applying sampling procedures. During the prior year's audits Mead used classical variables...
Edwards has decided to use probability proportional to size (PPS) sampling in the audit of a client's accounts receivable balance. Few, if any, account balance overstatements are expected. Edwards...
What type of contract is considered inflexible in the sense that it's costly to make changes?
Simulate the band structure of Ge(Na 1016) - Si(Nd 1016) PN heterojunction with varies doping concentrations 2. Simulate the band structure of it at Va=0, negative, positive. 3. Plot the current flow...
The following cost data pertain to the operations of Montgomery Department Stores, Incorporated, for the month of July. Corporate legal office salaries Apparel Department cost of sales-Evendale Store...
Calculations Marketing Inc. issued 7.0% bonds with a par value of $370,000 and a five-year life on January 1, 2023, for $385,781. The bonds pay interest on June 30 and December 31. The market...
Kubin Company's relevant range of production is 28,000 to 31,500 units. When it produces and sells 29,750 units, its average costs per unit are as follows: Average Cost per Unit Direct materials $...
Laura dives with a watch around her arm. Her watch can withstand an absolute pressure of P = 5.5 bar? Assume a gravity acceleration of g = 9.81 m/s, and a density of water pw = 1002 kg/m. Hint: 1 bar...
Reconsider Prob. 361. Using EES (or other) software, determine the indicated properties of compressed liquid, and compare them to those obtained using the saturated liquid approximation.
Test your confidence in the following Project Decisions: SI. # Question 01 02 03 04 05 06 07 08 09 10 How many years did it take to construct the largest Egyptian Pyramid- Pyramid of Cheops? When was...
As community organizer at a large multi service community centre in downtown Toronto named St. Sebastian House.This well-known agency is over one hundred years old and is famous for being one of the...
Imagine your entire team, including high, average, and low performers. Picture yourself on a life raft, and your teams are in a sea of uncertainty. 1. Decide who you'd rescue first and why? 2. Who...
Discuss at least 3 different types of questionnaires that may be used to develop/enhance a 5-point Likert Scale. Why did you select the 3 types of Questionnaires and how can they affect outcomes of...

Take the illustration of PPS sampling starting on page 450 of the chapter material and do the

Question:

Step by Step Answer:

Auditing An Assertions Approach

Students also viewed these Business questions