Using the tables in Exhibit, work backward to explain at least one set of assumptions that the auditor would have to make to justify the following samplesizes:
Answer to relevant QuestionsDefine the following terms: (a) Simple random sampling, (b) Systematic sampling, (c) Systematic random sampling, (d) Haphazard sampling, (e) Block sampling.When using nonstatistical sampling as a test of an account balance, how does the auditor do the following?a. Determine the sample size.b. Select the sample.c. Evaluate the sample results.Assume that you are auditing the inventory of Husky Manufacturing Company for the year ended December 31, 2013, and you are using MUS. The book value is $8,124,998.66. The risk of incorrect acceptance is 10% (90% confidence ...What four critical questions must the auditor answer when sampling?MULTIPLE-CHOICE QUESTIONS1. Which of the following statements is true regarding assertions in the revenue cycle?a. It is typical that all five assertions for revenue are equally important.b. If a client has an incentive to ...
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