Question: What would be the difference between an attributes sampling plan
What would be the difference between an attributes sampling plan and a variables sampling plan in a test of inventory extensions?
Answer to relevant QuestionsExplain how the auditors may obtain an estimate of a population’s standard deviation to determine an appropriate sample size.Is it correct to say that when using nonstatistical variables sampling, one is unable to project the misstatements identified to the entire population? Explain why this is or is not the case. The following is a computer printout generated by audit software using probability-proportional-to-size (PPS)sampling:The reliability factor table provides factors for as many as three computations when planning and evaluating the results of a PPS sample. Describe in general terms each of these computations.What action should be taken by the auditors when the count of cash on hand discloses a shortage?
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