What three sampling techniques can the auditor use for a substantive test?
Question:
What three sampling techniques can the auditor use for a substantive test?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
Auditors can employ various sampling techniques for substantive tests depending on the nature of the ...View the full answer
Answered By
Madhur Jain
I have 6 years of rich teaching experience in subjects like Mathematics, Accounting, and Entrance Exams preparation. With my experience, I am able to quickly adapt to the student's level of understanding and make the best use of his time.
I focus on teaching concepts along with the applications and what separates me is the connection I create with my students. I am well qualified for working on complex problems and reaching out to the solutions in minimal time. I was also awarded 'The Best Tutor Award' for 2 consecutive years in my previous job.
Hoping to get to work on some really interesting problems here.
5.00+
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
-
Multiple Choice 1 Which of the following sampling methods would be used to estimate a numeric measurement of a population, such as a dollar value? a. Random sampling. b. Numeric sampling. c....
-
Your audit firm, Garrett and Schulzke LLP, is engaged to perform the annual audit of Hooplah, Inc., for the year ending December 31, 2017. Hooplah is a privately-held company that sells electronics...
-
Multiple Choice Questions 1. While performing a test of details during an audit, the auditors determined that the sample results supported the conclusion that the recorded account balance was...
-
10. A light cord is wrapped around a wheel, R = 0.10 m and rotational inertia I about its axis and is attached to mass, m = 2 kg, see about its fixed axis and the object accelerates downward, (take g...
-
Find the orthogonal complement W to the subspaces W R3 spanned by the indicated vectors. What is the dimension of W in each case?
-
What are some of the major environmental factors that affect pricing strategies? What are some of the major psychological factors that affect pricing? Identify and discuss three of each.
-
Explain how the notions of effectiveness, efficiency and equity are related to decision-making, sustainable development and accountability.
-
Here is a CPM network with activity times in weeks: a. Determine the critical path. b. How many weeks will the project take to complete? c. Suppose F could be shortened by two weeks and B by one...
-
Alex, Carol, and Ted are owners of a closely held corporation and have entered into an entity plan buy - sell agreement known as a stock redemption agreement. How many life insurance policies are...
-
What five items must the auditor consider to determine the sample size when using statistical or non statistical sampling methods for a substantive test?
-
In what three ways could the sampling unit be defined for a substantive test?
-
Refer to Practice 8-10 and Practice 8-13. Assume that the company uses the completed-contract method. Make the journal entries necessary in Year 3 to recognize revenue and costs for the completed...
-
Let u and v be two non-zero vectors in R" represented by directed line segments in standard position as in the diagram below. These can be viewed as two sides of a parallelogram. da de (a) (1 mark)...
-
1. Distinguish the biological factors that contribute to obesity from the environmental factors. 2. How does adolescent risk taking illustrate the idea that individuals help to shape their own...
-
Consider the following housing market: There are four agents a1, a2, a3, a4, and four houses h, h2, h3, h4, where a; is the initial owner of house h; for each i = 1, 2, 3, 4, and preferences of...
-
Five years ago Marc and Irlene purchased a home and got a $492,928 mortgage with a 25-year amortization at 8.25% interest compounded semi-annually and biweekly payments. The term of the mortgage is...
-
what was NOT one of the reasons mentioned in class why LGs early entry into North America was unsuccessful?
-
Does the reference point selected for the properties of a substance have any effect on thermodynamic analysis? Why?
-
B.) What is the approximate concentration of free Zn 2+ ion at equilibrium when 1.0010 -2 mol zinc nitrate is added to 1.00 L of a solution that is 1.080 M in OH - . For [Zn(OH) 4 ] 2- , K f = 4.610...
-
The Bernaldo Company manufactures ceiling fans and uses an activity-based costing system. Each ceiling fan has 20 separate parts. The direct materials cost is $85 and each ceiling fan requires 2.50...
-
The following selected circumstances relate to pending lawsuits for Erismus, Incorporated Erismus's fiscal year ends on December 31. Financial statements are issued in March 2025. Erismus prepares...
-
What possible opportunity costs are being endured by the Victorian government because of their financial contribution towards the F1 Australian Grand Prix?
Study smarter with the SolutionInn App