Rahim, a first-year auditor, is asked to select a sample of invoices to audit the utility expense

Question:

Rahim, a first-year auditor, is asked to select a sample of invoices to audit the utility expense account. Below is the account detail. The audit program asks to select a sample of four items.

Month Balance January 15,245 February 12,973 11,359 March April 9,326 May 6,380 June 4,558 July 2,901 2,837 August Septe

Required

(a) Using systematic selection, determine which four months will be selected.

(b) Using haphazard selection, determine which four months will be selected.

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Related Book For answer-question

Auditing A Practical Approach

ISBN: 978-1118849415

2nd Canadian edition

Authors: Fiona Campbell, Robyn Moroney, Jane Hamilton, Valerie Warren

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Question Posted: Apr 05, 2019 11:53 AM

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Rahim, a first-year auditor, is asked to select a sample of invoices to audit the utility expense

Question:

Month Balance January 15,245 February 12,973 11,359 March April 9,326 May 6,380 June 4,558 July 2,901 2,837 August September 3,690 October 5,890 November 9,823 December 14,906

Step by Step Answer:

a Using a random number generator in Excel or on your calculator any number between ...View the full answer

Auditing A Practical Approach

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