Which of the following is not a benefit of statistical sampling? a. It allows auditors to be
Question:
Which of the following is not a benefit of statistical sampling?
a. It allows auditors to be certain that fraud does not exist in a population.
b. It is helpful when populations are large.
c. It allows quantification of risk.
d. It allows inference about a population.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 0% (2 reviews)
Option a It allows auditors to be certain that fraud does not exist in a population is not a benefit ...View the full answer
Answered By
Bhartendu Goyal
Professional, Experienced, and Expert tutor who will provide speedy and to-the-point solutions. I have been teaching students for 5 years now in different subjects and it's truly been one of the most rewarding experiences of my life. I have also done one-to-one tutoring with 100+ students and help them achieve great subject knowledge. I have expertise in computer subjects like C++, C, Java, and Python programming and other computer Science related fields. Many of my student's parents message me that your lessons improved their children's grades and this is the best only thing you want as a tea...
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Fraud examination
ISBN: 978-0538470841
4th edition
Authors: Steve Albrecht, Chad Albrecht, Conan Albrecht, Mark zimbelma
Question Posted:
Students also viewed these Business questions
-
(Multiple choice) 1. In a fraud investigation, documents: a. Usually contain extremely valuable information. b. Are rarely used in court. c. Are not reliable sources of information. d. Are only...
-
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
-
KYC's stock price can go up by 15 percent every year, or down by 10 percent. Both outcomes are equally likely. The risk free rate is 5 percent, and the current stock price of KYC is 100. (a) Price a...
-
A chemical is spilled into a lake of pure water and the concentration of chemicals in this lake is 4 If 20 of the water in the lake is replaced with clean in one month then. What will be the...
-
The following transactions of Brooks Garrett occurred during 2012: Apr 30 Garrett is party to a patent infringement lawsuit of $200,000. Garretts attorney is certain it is remote that Garrett will...
-
The following information is taken from Marsh Supermarkets annual report: During the first quarter, we made several decisions resulting in a $13 million charge to earnings. A new accounting...
-
Chicago Prime Packers Inc. was a US corporation with its principal place of business in Colorado. Northam Food Trading Company was a Canadian corporation with its principal place of business in...
-
Conwell Company manufactures its product, Vitadrink, through two manufacturing processes: Mixing and Packaging. All materials are entered at the beginning of each process. On October 1, 2012,...
-
Consider the HMM where the underlying Markov chain is given by the state transition diagram below. The observations are such that the true state is observed 50% of the time and each other state is...
-
A few months after an employee who was hired as a sales clerk at a jewelry store, she was asked by a customer to perform a transaction that the clerk was not familiar with. Despite repeated tries to...
-
Estrada sued her former employer, Wal-Mart alleging that the Asset Protection Manager, Durham, wrongfully accused her of embezzling $4,000, false imprisoned her during a related interrogation, and...
-
Vertical motion of the load is produced by movement of the piston at A on the boom. Determine the distance the piston or pulley at C must move to the left in order to lift the load a distance h. The...
-
Ambiguous statements may require a queryQuestion 17 options:TrueFalse
-
MTs from which level can be involved with research?Question 18 options:Professional level 1Professional level 2
-
1. In Levine's article, Listening with spirit and the art of dialog, he suggests that perhaps most important for our purpose of establishing a connection between listening and dialogue is the...
-
Analyze your short-term career goals based on an ideal job you would like to attain in the long term (specify the job title and any other particulars such as industry). I want to become a food...
-
Different states have laws to monitor autopsies.Question 19 options:TrueFalse
-
Discuss the importance of nonfinancial information in measuring investment-center performance.
-
What are the three kinds of research types? Explain each type.
-
Which of the four duties that Blatt owed Scott in their agency relationship has probably been breached? James Blatt hired Marilyn Scott to sell insurance for the Massachusetts Mutual Life Insurance...
-
Paul Gett is a well-known, wealthy financial expert. Adam Wade, Getts friend, tells Timothy Brown that he is Getts agent for the purchase of rare coins and shows Brown a local newspaper clipping...
-
Peter hires Alice as an agent to sell a piece of property he owns. The price is to be at least $30,000. Alice discovers that the fair market value of Peters property is actually at least $45,000 and...
-
1. A businessman travels between the cities of the following graph. The travel pattern is that he stays in one of the cities for the whole day, and on the next day, he travels to one of the...
-
How do historical legacies of colonialism, imperialism, and systemic injustice continue to shape contemporary power structures, and what steps can be taken to address and redress these historical...
-
Izabella is 20 years old. Eighteen months ago, she started selling some of her old clothing which no longer suited her on peer-to-peer social shopping apps such as Letgo and Depop. She was surprised...
Study smarter with the SolutionInn App