FREE Trial

Describe the general process used to determine the ULRD using AICPA sampling tables?

Question:

Describe the general process used to determine the ULRD using AICPA sampling tables?

This problem has been solved!


Do you need an answer to a question different from the above? Ask your question!

Step by Step Answer:

Answer rating: 71% (7 reviews)

The ULRD is determined as follows Based on the acceptable risk of overreliance selec…View the full answer


answer-question
Answered By
tutor-profile-image
Somshukla Chakraborty
I have a teaching experience of more than 4 years by now in diverse subjects like History,Geography,Political Science,Sociology,Business Enterprise,Economics,Environmental Management etc.I teach students from classes 9-12 and undergraduate students.I boards I handle are IB,IGCSE, state boards,ICSE, CBSE.I am passionate about teaching.Full satisfaction of the students is my main goal. I have completed my graduation and master's in history from Jadavpur University Kolkata,India in 2012 and I have completed my B.Ed from the same University in 2013. I have taught in a reputed school of Kolkata (subjects-History,Geography,Civics,Political Science) from 2014-2016.I worked as a guest lecturer of history in a college of Kolkata for 2 years teaching students of 1st ,2nd and 3rd year. I taught Ancient and Modern Indian history there.I have taught in another school in Mohali,Punjab teaching students from classes 9-12.Presently I am working as an online tutor with concept tutors,Bangalore,India(Carve Niche Pvt.Ltd.) for the last 1year and also have been appointed as an online history tutor by Course Hero(California,U.S) and Vidyalai.com(Chennai,India).
4.00+ 2+ Reviews 10+ Question Solved
Related Book For  answer-question
Auditing and Assurance Services

Auditing and Assurance Services

ISBN: 978-1260152166

7th edition

Authors: Timothy Louwers, Allen Blay, David Sinason, Jerry Strawser, Jay Thibodeau

See More Books
Question Details
Chapter # 18- Attributes Sampling
Section: Questions
Problem: 16
View Solution
Create a free account to access the answer
Cannot find your solution?
Post a FREE question now and get an answer within minutes. * Average response time.
Question Posted: May 25, 2017 09:18:11
See More Questions

Students also viewed these Auditing questions

Q:
Describe the general process used to determine the upper limit rate of deviation using AICPA sampling tables.
A:
The upper limit rate of deviation is determined as follows Based on the acceptable risk of ove......
Q:
Describe the general process of simulation.
A:
The steps are Define the problem Con......
Q:
Describe the general procedure used by the audit team to determine sample size using AICPA sampling tables.
A:
In an attributes sampling application the sample size......
Q:
Misty Cumbie worked as a waitress at the Vita Caf in Portland, Oregon. The caf was owned and operated by Woody Woo, Inc. Woody Woo paid its servers an hourly wage that was higher than the states...
A:
No Woody Woos tip pooling policy did not violate the minimum wage provisions o......
Q:
The following yields on U.S. Treasury securities were taken from a recent financial publication: a. Plot a yield curve based on these data.b. What type of yield curve is shown?c. What information...
A:
a Term Rate 6 months 5 1 1 year 5 5 2 years 5 6 3 years 5 7 4 years 5 8 5 years......
Q:
A company sells seven types of boxes, ranging in volume from 17 to 33 cubic feet. The demand and size of each box is given in Table 7. The variable cost (in dollars) of producing each box is equal to...
A:
The network will have seven nodes 1 2 3 4 5 6 7 and 8 Let c ij the cost of meeting the de......
Q:
How do the operational infrastructure decisions related to staffing support Targets business strategy?
A:
They raised their wage rate to 15 an hour to find the best employees thussupp......
Q:
Assume that your father is now 50 years old, that he plans to retire in 10 years, and that he expects to live for 25 years after he retires, that is, until he is 85. He wants a fixed retirement...
A:
Information given 1 Will save for 10 years then receive payments for 25 years 2 Wants payments of 40......
Q:
For n=4, draw rooted trees with n nodes, one tree for each possible height.
A:
For n 4 let s draw rooted trees with four nodes one tree for each possible hei......
Q:
If the tip of the axon is on the left, and the receiving neuron is on the right, which direction is a neurotransmitter molecule that was just released most likely to move? Left Right Either up or...
A:
Click to View...
Q:
What is the ULRD? What information does the ULRD provide to the audit team?
A:
The ULRD is an adjusted rate of deviations that provides a conservative measure of the populatio......
Q:
Aubrey Marblehead is conducting tests of controls on the control that quantities on Rock's receiving reports are appropriately verified. In so doing, Marblehead has inquired of Rock's receiving...
A:
Non statistical Attributes Sampling a She would define a deviation as a situation in which the receiving reports do not have an indication that they h......
Q:
A leading car manufacturer tracks the data of its used cars for resale. The Excel file Car Sales contains information on the selling price of the car, fuel type (diesel or petrol), horsepower (HP),...
A:
I can guide you on how to approach the problem and provide general instructions for developing a multiple linear regression model using fuel type and......
Q:
The manufacturing process for a new computer integrated circuit has a yield of 1/6, meaning that 1/6 of the circuits are good and the other 5/6 are defective. Use a die to simulate this manufacturing...
A:
To find the mean number of circuits that must be manufactured to get o......
Q:
In Cumulative Review Exercise 4, it was noted that eye colors in the United States are distributed as follows: 40% brown, 35% blue, 12% green, 7% gray, 6% hazel. That distribution can form the basis...
A:
Let s address your two questions separately Eye Color Probability To determine if the probability of 0 4 for brown eyes is consistent with your survey......
Q:
The Monty Hall problem is based on the old television game show Lets Make a Deal, hosted by Monty Hall. Suppose you are a contestant who has selected one of three doors after being told that two of...
A:
The Monty Hall problem is a classic probability puzzle that can seem counterintuitive at first Let s simulate the game to help understand whether you......
Q:
In Problems 21 through 24, show that the matrix A is nilpotent and then use this fact to find (as in Example 3) the matrix exponential e At . A = 1 -1 1 -1
A:
Click to View...
Q:
Is the random variable given in the accompanying table discrete or continuous? Explain.
A:
The random variable given in the accompanying table is discrete A discrete random variable i......
Q:
Natural Step Manufacturing incurred salary expense of $95,000 for September. The company's payroll expense includes CPP of 4.95 percent and EI of 1.4 times the employee payment, which is 1.88 percent...
A:
General Journal DATE ACCOUNT TITLES AND EXPLANATIONS POST REF DEBIT CREDIT Entry f......
Q:
1A. If the researcher is concerned about the number of variables, the nature of the analysis, and completion rates, then, he/she is at which stage of the sampling design process (Figure 11.1 in the...
A:
SOLUTION STEP 1 Answer1A A Determine t......
Sociology A Down To Earth Approach 5th Edition - ISBN: 1256481769 - Free Book