Name the factors the auditor should consider in deciding on the size of a sample for a
Question:
Name the factors the auditor should consider in deciding on the size of a sample for a test of controls.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
In determining the size of a sample for a test of controls auditors consider several factors to ensure that the sample provides sufficient and appropr...View the full answer
Answered By
Joseph Mwaura
I have been teaching college students in various subjects for 9 years now. Besides, I have been tutoring online with several tutoring companies from 2010 to date. The 9 years of experience as a tutor has enabled me to develop multiple tutoring skills and see thousands of students excel in their education and in life after school which gives me much pleasure. I have assisted students in essay writing and in doing academic research and this has helped me be well versed with the various writing styles such as APA, MLA, Chicago/ Turabian, Harvard. I am always ready to handle work at any hour and in any way as students specify. In my tutoring journey, excellence has always been my guiding standard.
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Auditing An Assertions Approach
ISBN: 9780471134213
7th Edition
Authors: G. William Glezen, Donald H. Taylor
Question Posted:
Students also viewed these Business questions
-
The PCAOB states that the auditor must perform enough of the testing of internal controls himself or herself so that it provides the principal evidence for the opinion on internal control. However,...
-
Custom Furniture Company was ready for an audit by a new CPA firm after replacing the previous auditor who had performed the audit for several years. The lawsuit filed by Custom's creditors against...
-
What are the factors the auditor should consider in determining the sample size for tests of controls as part of the auditor's attestation to management's assertion on the effectiveness of internal...
-
Horizon BP in Antelope Park, Alaska, has noticed that utility bills are substantially higher when the average monthly temperature is colder. The only thing in the shop that uses natural gas is the...
-
Show that null A = null(AT A) for any real matrix A.
-
What is the connection between the retained earnings amount shown in the statement of changes in equity and the statement of financial position?
-
From the following accounts of Kurlz Salon, Inc., prepare the businesss statement of retained earnings for the year ended December 31, 2010: Retained Earnings Dividends Clo 95,000 Jan 1 188,000 Mar...
-
On August 1, 2011, Dr. Dana Hendley established Med, a medical practice organized as a professional corporation. The following conversation occurred the following February between Dr. Hendley and a...
-
For XYZ Printing Company, the following costs have been identified Customer Complaint remakes $27,000 Printing Plate revisions $28,000 Quality improvement projects $13,000 Gauging $100,000 Other...
-
In performing the sampling plan, how should the auditor classify unlocated documents?
-
What is the difference between unrestricted random selection and systematic sampling?
-
A $1,200,000 bond issue on which there is an unamortized premium of $63,956 is redeemed for $1,250,000. Journalize the redemption of the bonds?
-
How do transnational networks and global governance structures impact the formation and dissemination of agendas across borders, and what mechanisms are employed to harmonize diverse agendas and...
-
A father is helping his son learn to ride a bike by pushing on the seat from the back. At one point, the wheel of the bike is turning with an angular speed of one revolution in 6 seconds. Later,...
-
1. Where was the earliest known battery discovered and when? 2. How can you determine the amount of resistance in a resistor?
-
B. May 1 inventories-finished goods $12,830, work in process $14,950, and raw materials $8,320. May 31 inventories-finished goods $9,690, work in process $16,240, and raw materials $7,220. Debit...
-
Suppose that the inflation rate is expected to be 2.40% in the near future using the data provided above, what would be your predictions for the following? (Round your answers to 2 decimal places.)...
-
A gas refrigeration system using air as the working fluid has a pressure ratio of 4. Air enters the compressor at -7C. The high-pressure air is cooled to 27C by rejecting heat to the surroundings. It...
-
Provide a draft/outline of legal research involving an indigenous Canadian woman charged with assault causing bodily harm under (Sec 267b) of the Criminal Code, where the crown wants a 12-month jail...
-
What role does tray efficiency play in the overall performance of a distillation column, and what factors contribute to deviations from theoretical stage efficiency ?
-
Explain how high-pressure distillation systems influence the volatility of compounds and discuss the engineering challenges associated with operating at elevated pressures .
-
An empty 150g glass bottle is at room temperature, 22 Celcius, if 270g of boiling water is poured into the bottle, what is the temperature of the bottle and the water when they reach thermal...
Study smarter with the SolutionInn App