Explain why auditors often use ADAs and sampling together. Provide an example of this approach.
Question:
Explain why auditors often use ADAs and sampling together. Provide an example of this approach.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 77% (9 reviews)
Auditors often combine ADAs with sampling in order to ...View the full answer
Answered By
James Warinda
Hi! I’m James Otieno and I'm an experienced professional online tutor with countless hours of success in tutoring many subjects in different disciplines. Specifically, I have handled general management and general business as a tutor in Chegg, Help in Homework and Trans tutor accounts.
I believe that my experience has made me the perfect tutor for students of all ages, so I'm confident I can help you too with finding the solution to your problems. In addition, my approach is compatible with most educational methods and philosophies which means it will be easy for you to find a way in which we can work on things together. In addition, my long experience in the educational field has allowed me to develop a unique approach that is both productive and enjoyable.
I have tutored in course hero for quite some time and was among the top tutors awarded having high helpful rates and reviews. In addition, I have also been lucky enough to be nominated a finalist for the 2nd annual course hero award and the best tutor of the month in may 2022.
I will make sure that any student of yours will have an amazing time at learning with me, because I really care about helping people achieve their goals so if you don't have any worries or concerns whatsoever you should place your trust on me and let me help you get every single thing that you're looking for and more.
In my experience, I have observed that students tend to reach their potential in academics very easily when they are tutored by someone who is extremely dedicated to their academic career not just as a businessman but as a human being in general.
I have successfully tutored many students from different grades and from all sorts of backgrounds, so I'm confident I can help anyone find the solution to their problems and achieve
0.00
0 Reviews
10+ Question Solved
Related Book For
Auditing The Art And Science Of Assurance Engagements
ISBN: 9780136692089
15th Canadian Edition
Authors: Alvin A. Arens, Randal J. Elder, Mark S. Beasley, Chris E. Hogan, Joanne C. Jones
Question Posted:
Students also viewed these Business questions
-
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
-
1. What is the primary role of internal auditing in a multinational corporation? A) To assist the external auditors in completing the financial statement audit in a timely fashion B) To make sure...
-
Required a. Use professional judgment in deciding on the preliminary judgment about materiality for earnings, current assets, current liabilities, and total assets. Your conclusions should be stated...
-
Certain merchandising transactions for Yule Park Gifts are listed below. November 2: Purchased 110 souvenir calendars at $9 each from Aloha Co. for cash Nov 4: Paid shipping costs $38 for the...
-
Which social media tools do you think are the most useful for most businesses? Why?
-
The probability that Jack passes calculus II given that he passes Calculus I is 0.8. The probability that Jack passes Calculus Ii given that he fails Calculus I is 0.3. Likewise, the probability that...
-
Traders in major financial institutions use the Black-Scholes formula in a backward fashion to infer other traders' estimates of \(\sigma\) from option prices. In fact, traders frequently quote...
-
Prepare the journal entries to account for the following investment transactions of Samuelson Company: 2011 July 1 Purchased 350 shares of Bateman Company stock at $22 per share plus a brokerage fee...
-
Given the polynomial: f(x) = x+4, state the number of turning points.
-
Greg Thomas is a partner in a small public accounting firm of Thomas and Associates (T&A). Greg set up T&A after working for 3 years as an auditor with a big accounting firm. Greg believes...
-
Below are two control activities: Purchase orders should to be created and approved by two different people. Only authorized accounting staff can post journal entries. REQUIRED Define the control...
-
Cora hardware is a wholesaler of cabinetry hardware (knobs and pulls) for residential use. Coras annual sales are $4 million and the year-end accounts receivable balance is $450 000. The company has...
-
Match the following terms to the appropriate definition (or partial definition). Each definition is used once. Term a. Commitment b. Contingent liability c. General risk contingency d. Iron curtain...
-
Perkins Western Boot Emporium currently owns four warehouses in Houston, Seattle, Minneapolis and San Diego to store its boots before shipping them out to various retail customers across the western...
-
Your grandfather put $100 under his mattress 50 years ago. If he had instead invested it in a bank account paying 3.5% interest compounded yearly (roughly the average U.S. rate of inflation during...
-
a) Explain CAPM model with the help of SML and CML. b) What are the different types of risk (define each) , which risk is the most relevant one? Explain the answer with the help of a characteristic...
-
Definition of Open strategy Definition of Close strategy Comparison between open strategy and close strategy Examples of companies using Open strategy Implementation of open strategy Evaluation...
-
You deposit $1000 in a very good bank that is willing to give you interest, with the restriction that the money not be removed for 3 years. They stipulate that the interest compounding is ANNUAL. The...
-
Prove that if x is irrational and x 0, then x is irrational.
-
Air pollution generated by a steel mill is an example of a) a positive production externality. b) a negative production externality. c) a public good. d) the free-rider problem. State and local taxes...
-
Bill is a PA working on the financial statement audit of MEM-2 Inc., a company that manufactures computer memory devices for sale in Canada, England, and Europe. He reviewed the internal controls...
-
Technology Parts Inc. is a wholesaler of computer hardware components. The company purchases inventory items in bulk directly from parts manufacturers and sells the parts to computer and other...
-
This problem requires the use of ACL software. For this problem, start ACL, then click on Open an existing project, and within the project, open Sample Project.ACL. Click on the plus sign beside the...
-
A -6.80nC charge of mass 4.40E-6 kg is released from rest 4.10mm above a very large plane of positive charge. The charge accelerates toward the plane and collides with a speed of 4.50m/s. What is the...
-
Write Program in Java of array list that include a function of swap but it should swap the elements in such a way that the complete array list elements should be swapped with their alternate...
-
As shown in the figure on the right, a straight segment of wire is hovering above an infinite horizontal grounded conductor plane (for simplicity, set the plane at z = 0). The wire is placed along...
Study smarter with the SolutionInn App