Question: Define the term tolerable rate of deviation in formal terms (in other words, in the manner in which the AICPAs 2012 Audit Sampling guide formally

Define the term tolerable rate of deviation in formal terms (in other words, in the manner in which the AICPA’s 2012 Audit Sampling guide formally defines it) and in more practical terms.

Step by Step Solution

★★★★★

3.44 Rating (170 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

The AICPAs 2012 Audit Sampling guide formally defines the tolerable ... View full answer

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)

330-B-A-A-B-R (1161).docx

120 KBs Word File

Students Have Also Explored These Related Auditing Questions!

The interpretation of the upper limit rate of deviation in an attributes sampling application is a. The estimated rate of deviation in the population with probability equal to the risk of...

Define the terms (a) Sampling risk, (b) Tolerable rate of deviation, and (c) Expected population deviation rate. How does the audit team assess or determine these factors?

Define tolerable deviation rate and actual deviation rate. How are these terms used in an internal control test?

1 For this task, imagine that you were asked to present to a class of master's level students who are enrolled in their first quantitative research methods course. Create a PowerPoint presentation...

Research Paper: Topic: Why did the traditional financial risk approaches, methods, and tools fail in the financial market meltdown of 2008 - 2009? Discuss questions DQ #1: How has fair value...

Need help with these multiple choice questions for internal audit final exam. Due in 2 hours. QUESTION 1 RsQ_004Without management direction and assumption of responsibility, it would be...

5/10/2016 JOHNSON v. UNITED STATES | FindLaw Not a Legal Professional? Visit our consumer site Register | LogIn CASES & CODES PRACTICE MANAGEMENT JOBS & CAREERS LEGAL NEWS Forms FindLaw Caselaw...

J. of the Acad. Mark. Sci. (2013) 41:389-399 DOI 10.1007/s11747-013-0331-z CONCEPTUAL/THEORETICAL PAPER Elevating marketing: marketing is dead! Long live marketing! Frederick E. Webster Jr. & Robert...

PAPERS What Project Strategy Really Is: The Fundamental Building Block in Strategic Project ManagementPeerasit Patanakul, Stevens Institute of Technology, Hoboken, NJ, USA Aaron J. Shenhar, Rutgers...

Fitch Company was organized on January 1. During the first year of operations, the following plant asset expenditures and receipts were recorded in random order. Debits 1. Cost of real estate...

ii) Using the DIT-FFT algorithm, compute the 4-point DFT of the discrete- time sequence x[n] = 2u[n] 2u[n 2] 8[n 3] (2 marks)

3 . 1 Given your objective of using the analytical procedure to provide most of the assurance needed regarding the Ticket Sales Revenue account for the Reel Wheel, is the estimate developed in 2 . 3...

Explain the standards for laws under the Due Process Clause.

A combined audit strategy: (a) Is appropriate when internal controls are minimal. (b) Means that the auditor will gain the minimum necessary knowledge of the clients system of internal controls. (c)...

Common uses of analytical procedures include: (a) Risk identification during the audit planning stage. (b) Estimation of account balances during the audit execution stage. (c) Overall assessment of...

need to ROCE for 14 and 17 X CONSE x + tombetoon.com/debedamer- fackboard cond252F apter Exercices 0 Help Check my Exercise 6-11 Calculating ROCE for Kroger (LO6-4) This exces but around Kuger's...

Common stock value Variable growth Newman Manufacturing is considering a cash purchase of the stock of Grips Tool. During the year just completed, Grips earned $3.66 per share and paid cash dividends...

Using the lme4 package, we can call this data set with the command: data(Arabidopsis) Access "Package 'lme4,'" to retrieve data on genetic variation in responses to fertilization and simulated...