Question: An auditor is sampling with replacement and, by chance, a particular account has been selected twice. Should it be included two times in the sample?

An auditor is sampling with replacement and, by chance, a particular account has been selected twice. Should it be included two times in the sample?

Step by Step Solution

★★★★★

3.47 Rating (167 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

In order to answer this first we should understand the difference betwe... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (1 attachment)

Word file Icon

336-B-A-A-A-N (3832).docx

120 KBs Word File

Students Have Also Explored These Related Auditing Questions!

Q:

Yost Transportation Research plans to estimate the average monthly transportation costs for workers who commute daily from northern New Jersey into New York City. Study coordinators want to be able...

Q:

Distinguish between sampling with replacement and sampling without replacement.

Q:

Explain the difference between sampling with replacement and sampling without replacement.

Q:

An auditor is sampling with replacement and, by chance, a particular account has been selected twice. Should it be included two times in the sample?

Q:

9-8. An auditor is sampling with replacement and, by chance, a particular account has been selected twice. Should it be included two times in the sample

Q:

Please help me with these questions C webassign.net water my lonestar lonestar's mail Facebook Apple Bing Google Yahoo MY NOTES ASK YOUR TEACHER 3. [-/5 Points] DETAILS MENDSTAT14 7.E.045. An...

Q:

\fJournal of Mixed Methods Research http://mmr.sagepub.com Mixed Methods Sampling: A Typology With Examples Charles Teddlie and Fen Yu Journal of Mixed Methods Research 2007; 1; 77 DOI:...

Q:

Analyze the Design and Methodology in Two Quantitative Studies Recall the two quantitative studies you read for this lesson from the eReserves; use these to answer the following questions: Identify...

Q:

\fThis is an electronic version of the print textbook. Due to electronic rights restrictions, some third party content may be suppressed. Editorial review has deemed that any suppressed content does...

Q:

Describing Data Once we have collected data from surveys or experiments, we need to summarize and present the data in a way that will be meaningful to the reader. We will begin with graphical...

Q:

Suppose that LaPearlas revenues are expected to grow at a rate of 10% and all elements of the income statement and balance sheet are sales-driven except for the tax burden, which remains at 30%....

Q:

According to Gallup, having a best friend at work is the leading indicator of being engaged at work. There's controversy about the idea of having a best friend at work in large part because there is...

Q:

Please provide the answer to this general accounting question using the right approach. Best Manufacturing budgeted annual factory overhead of $750,000 and direct labor costs of $500,000. By...

Q:

What types of term will a court refuse to enforce under common law?

Q:

Which of the following statements is not true with respect to the auditors report on internal control over financial reporting? a. The report will be dated as of the date of the financial statements....

Q:

Which of the following statements is not true with respect to the auditors report on internal control over financial reporting? a. The report will be dated as of the date of the financial statements....

Q:

If the auditors encounter a significant scope limitation in evaluating a public companys internal control over financial reporting, which of the following types of opinions on the effectiveness of...

Q:

Ida Sidha Karya Company is a family-owned company located on the island of Bali in Indonesia. The company produces a handcrafted Balinese musical instrument called a gamelan that is similar to a...

Q:

Moving to another question will save this response Quin 1921 Question 19 3 points "A company is selling Toyota cars. An Islamic bank invests USD 10 million for a 50% profit share. The investor...

Q:

Martin is offered an investment where for $5,000 today, he will receive $5,250 in one year. He decides to borrow $5,000 from the bank to make this investment. What is the maximum interest rate the...