Can non-sampling risk be avoided? Explain.
Question:
Can non-sampling risk be avoided? Explain.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 78% (14 reviews)
Nonsampling ri...View the full answer
Answered By
Utsab mitra
I have the expertise to deliver these subjects to college and higher-level students. The services would involve only solving assignments, homework help, and others.
I have experience in delivering these subjects for the last 6 years on a freelancing basis in different companies around the globe. I am CMA certified and CGMA UK. I have professional experience of 18 years in the industry involved in the manufacturing company and IT implementation experience of over 12 years.
I have delivered this help to students effortlessly, which is essential to give the students a good grade in their studies.
3.50+
2+ Reviews
10+ Question Solved
Related Book For
Auditing An International Approach
ISBN: 978-1259087462
7th edition
Authors: Wally J. Smieliauskas, Kathryn Bewley
Question Posted:
Students also viewed these Business questions
-
Why can poor controls over the existence of sales result in an overstated accounts receivable balance at year-end?
-
What is the probability of finding one or more deviations in a sample of 100 if the population deviation rate is actually 2%?
-
What is the objective of test of controls auditing with attribute sampling? of test of a balance with monetary-value sampling?
-
In Exercises find the derivative of the function. y = x(x + 1)
-
Acetolactate synthase is another TPP-requiring enzyme. It also catalyzes the decarboxylation of pyruvate but transfers the resulting two-carbon fragment to another molecule of pyruvate, forming...
-
The Central Intelligence Agency (CIA) conducts foreign covert operations, counterintelligence operations, and collects and analyzes foreign intelligence for the president and his staff to aid in...
-
How many times can you define a function?
-
The Clampett Oil Company has a tanker truck that it uses to deliver fuel to customers. The tanker has five different storage compartments with capacities to hold 2,500, 2,000, 1,500, 1,800 and 2,300...
-
Fill in the amounts (numbers) for each asset, liability, and equity category. Be sure to enter commas as needed in the numbers. For each entry labeled "total," you will need to do the math (addition)...
-
The variable rdintens is expenditures on research and development (R&D) as a percentage of sales. Sales are measured in millions of dollars. The variables profmarg is profits as a percentage of...
-
Can sampling risk be avoided? Explain.
-
Are auditors more likely to be sued successfully for sampling risk or for non-sampling risk?
-
The following items were taken from the 30 June 2013 consolidated statement of financial position of AGL Energy Limited. (All dollars are in millions.) Required Prepare the assets section of a...
-
What is the significance of a disclaimant reaching age 21?
-
You have an investment opportunity that requires an initial investment of $2400 today and will pay $3800 in one year. What is the rate of return of this opportunity?
-
What are the tax advantages of a disclaimer?
-
You have decided to buy a perpetual bond. The bond makes one payment at the end of every year forever and has an interest rate of 5%. If the bond initially costs $2000, what is the payment every year?
-
Discuss in detail the steps that must be carried out to transform the data for the Cochrane-Orcutt method of correcting for autocorrelation.
-
Consider the events (not J), (H & I), (H or K), and (H & K) discussed in Problem 31. a. Find the probability of each of those four events, using the f/N rule and your answers from Problem 31. b....
-
Discuss whether responsible human resources management should apply different standards for the home company and suppliers, for developed countries and developing countries, and for large companies...
-
What is non-sampling risk? Give some examples.
-
In control testing, why is it necessary to define a compliance deviation in advance?
-
Which judgments must an auditor make when deciding on a sample size?
-
Shaw Company has the following account balances: Receivables $ 1 0 0 , 0 0 0 Inventory 1 5 0 , 0 0 0 Land 1 0 0 , 0 0 0 Building net 2 5 0 , 0 0 0 Liabilities 1 0 0 , 0 0 0 Common stock 1 0 0 , 0 0 0...
-
Mizan Corporation, a manufacturing company, prepares its financial statements annually. During the last month of the fiscal year, Mizan experiences a significant surge in sales. The sales team closes...
-
A firm uses job - order costing. Current period facts: Actual overhead: $ 1 0 4 , 6 8 8 Applied overhead: $ 1 0 4 , 9 0 5 Budgeted overhead: $ 1 0 8 , 6 9 8 COGS balance ( before closing ) : $ 3 9 0...
Study smarter with the SolutionInn App