Which of the following components of the audit risk model is most closely associated with attributes sampling?
Question:
a. Audit risk.
b. Control risk.
c. Detection risk.
d. Inherent risk.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 68% (16 reviews)
a Incorrect Although attributes sampling occurs as part of the use of the audit risk model it is mo...View the full answer
Answered By
Muhammad Umair
I have done job as Embedded System Engineer for just four months but after it i have decided to open my own lab and to work on projects that i can launch my own product in market. I work on different softwares like Proteus, Mikroc to program Embedded Systems. My basic work is on Embedded Systems. I have skills in Autocad, Proteus, C++, C programming and i love to share these skills to other to enhance my knowledge too.
3.50+
1+ Reviews
10+ Question Solved
Related Book For
Auditing and Assurance Services
ISBN: 978-0077862343
6th edition
Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws
Question Posted:
Students also viewed these Auditing questions
-
Part 4 Questions Consider the following transactions from Big Marker?s accounting information system.? Accrued one month?s interest on an existing note payable, $300 Billed 30 communities for monthly...
-
Which demographic variables are most closely associated with heavier consumption of the following? What would explain this association? Which contributes most to causing the consumption? (See Tables...
-
Which demographic variables are most closely associated with the following? What would explain this association? Which contributes most to causing each? a) Working hard b) View shopping as a form of...
-
int Temp [10] = { 22, 30, 40,28,20,60}; For the above code, answer the following questions i) Find the size of Temp array. ii) How many memory locations are present in Temp array ? iii) Find the...
-
Are the recipients of gifts and inheritances subject to double taxation?
-
Complete the following, using ordinary interest. (Use Days in a year table.) (Do not round intermediate calculations. Round the " interest" and" Maturity value" to the nearest cent.) Maturity value...
-
A study found that women have more cone cells, but they do not perceive color differently from men. Identify the two events described in the study. Do the results indicate that the events are...
-
The CPA firm of Quigley & Associates uses a qualitative approach to implementing the audit risk model. Audit risk is categorized using two terms: very low and low. The risk of material misstatement...
-
$1 million to be paid in exactly one year, plus 10 years of monthly payments of $5,000, with the first of the monthly payments to be made exactly 18 months from now. If the discount rate embedded in...
-
Mark Kershey, a former Smucker employee, was charged with defrauding the J.M. Smucker Company of more than $4.1 million over a 16-year period. Charges were filed in October 2014. In 2015, Kershey was...
-
The type of sampling most frequently used by auditors during their study of internal control is referred to as a. Attributes sampling. b. Control sampling. c. Monetary unit sampling. d. Variables...
-
The audit team will choose to reduce the reliance on controls if the _____ is greater than the _____ a. Tolerable rate of deviation; upper limit rate of deviation. b. Upper limit rate of deviation;...
-
If a perfectly competitive market in long-run equilibrium witnesses an increase in demand, what will happen to price?
-
How does self-determination theory elucidate the intricacies of human motivation, particularly concerning autonomy, competence, and relatedness?
-
11: distance in meters For the variables 7, 12, 27 in the following table, please select the relevant type between discrete and continuous. 1: pieces of lumber 21: set of rational numbers 2: beats in...
-
How does goal-setting theory inform our understanding of motivation, and what implications does it hold for enhancing performance and persistence ?
-
How did Apple respond to the Turkish lira exchange rate volatility in 2021? a. Apple first suspended operations in Turkey and then lowered its sales price in USD by 25%. b. Apple first suspended...
-
How does the contingency theory of leadership explain the effectiveness of different leadership styles in various situations?
-
It is more difficult to obtain a high-resolution ultrasound image in the abdominal region of someone who is overweight than for someone who has a slight build. Explain why this statement is accurate.
-
How will relating product contribution margin s to the amount of the constrained resource they consume help a company maximize its profits?
-
A paper firm's short-run Cobb-Douglas production function is estimated to be \(^{2}\) where \(\bar{K}\) is the fixed amount of capital. In the short-run, the firm's capital is fixed at...
-
What are the different ways cash disbursements can be reviewed and authorized before disbursement occurs?
-
Why and how is cutoff important to acquisitions and payments?
-
What is an imprest petty cash fund, and how does it work?
-
Korda International Inc. recently issued new securities (common shares and bonds) to finance a new project with a cost $16 million. The equity issued had a flotation cost of 8%, while the debt issued...
-
Khairul bought a television set with cash price of Rm6000. He paid a 10% down payment and the balance was settled by making a 24 monthly payments . If the interest was 8% per annum on the original...
-
Suppose a company produces a perpetual cash flow of $25 million per year and is expected to continue doing so in the infinite future. The company's capital structure currently consists entirely of...
Study smarter with the SolutionInn App