Auditors will frequently use the data reduction approach when considering potentially risky transactions. Provide an example of
Question:
Auditors will frequently use the data reduction approach when considering potentially risky transactions. Provide an example of why focusing on a portion of the total number of transactions might be important for auditors to assess risk.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (8 reviews)
While sampling is useful it is still just that sampling By ...View the full answer
Answered By
Sumit kumar
Education details:
QUATERNARY Pursuing M.Tech.(2017-2019) in Electronics and Communication Engg. (VLSI DESIGN) from
GNIOT Greater Noida
TERTIARY B.Tech. (2012-2016) in Electronics and Communication Engg. from GLBITM Greater Noida
SECONDARY Senior Secondary School Examination (Class XII) in 2012 from R.S.S.Inter College, Noida
ELEMENTARY Secondary School Examination (Class X) in 2010 from New R.J.C. Public School ,Noida
CERTIFICATION
Summer Training in ‘WIRELESS EMBEDDED SYSTEM’ from ‘XIONEE’ for the six weeks.
EMBEDDED SYSTEM Certificate issued by CETPA INFOTECH for one day workshop.
Certificate of Faculty development program on OPTICAL COMMUNICATION and NETWORKS for one week.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
How might the data reduction approach be used in auditing?
-
Provide an example of an executional cost driver.
-
Provide an example of precedence relationships from your personal life.
-
If the demand function and supply function for Z-brand phones are p + 2q = 100 and 35p + 20q = 350, respectively, compare the quantity demanded and the quantity supplied when p = 14. Are there...
-
Give conditions on p that determine the convergence or divergence of nP
-
The following is a USA Todaytype graph. (a) Explain how it is misleading. (b) What could be done to improve the graphic? Beer Steps Needed to Burn Calories 12 oz.heer 3,220 Soda 12 oz. soda 3,450...
-
An asset has the estimated salvage values for various lives, shown in the table below. For each possible life from 1 to 6 by 1, determine the capital recovery cost for MARR of 8 percent/year. EOY NCF...
-
A U.S. Postal Service supervisor is looking for ways to reduce stress in the sorting department. With the existing arrangement stamped letters are machine-canceled and loaded into tubs with 375...
-
Consider a web system for online shopping that will generate an ID for each order. The order ID is a sequence of 7 characters where each char- acter could be either one of the 26 upper case English...
-
You have been using your phone and your schools Wi-Fi network to access hosts on the Internet. Suddenly, you cannot reach Internet hosts. Create a two-column table. a) In the first column, create a...
-
What data approach mentioned in the chapter might be used by Facebook to find friends?
-
Which data approach might be used to assess the appropriate level of the allowance for doubtful accounts?
-
The Canada Urban Transit Association has reported that the average revenue per passenger trip during a given year was $1.55. If we assume a normal distribution and a standard deviation of = $0.20,...
-
In the closing process, which account balances will be transferred to owner's capital?
-
You are given the following environmental quality-related costs: Employee training $ 150,000 Product design 190,000 Supplier certification 65,000 Process inspection 345,000...
-
A company is considering introducing a new product and has two production options. The first is to produce within an existing unit with available capacity. The second option is to open a dedicated...
-
Compose an email to prepare for the upcoming healthcare system-level project management meeting. Include Your Ecosystem Profile and address the specific information requested by the EVP. The meeting...
-
You are preparing a report for the Medical Records Committee showing the improvement in delinquent record rates over the past year. You would like to show two graphs: one that highlights the rate...
-
What unit signifies (a) joule per coulomb, (b) coulomb per second, (c) watt? second?
-
If a force of F = 50 Ib is applied to the pads at A and C, determine the smallest dimension d required for equilibrium if the spring has an unstretched length of 1 ft. B 1 ft 1 ft F k = 15016/fr 1ft...
-
Using the accompanying explanations of each IT strategic role, suggest the appropriate IT strategic role (automate, informate or transform) for the following types of IT investments. Depending on...
-
Explain the differences between hierarchical, network and relational data models. What makes the relational data model the most popular data model in use today?
-
Explain the differences between hierarchical, network and relational data models. What makes the relational data model the most popular data model in use today?
-
2 Michael Wittry has been investing in his Roth IRA account for 20 years. Two years ago, his account was worth $215,658. After losing 1/3 of its original value, it then gained 1/2 of its new value...
-
identify these sources, asset use, asset exchange, or claims exchange. purchase inventory shipping cost.
-
k esc Canvas $475,000. $345,000 O $455,000. O $345,000. O $400,000. Question 2 O Cash 12,480 On October 1, 2022, a company lends cash and accepts a $12,000 note receivable that offers 8% interest and...
Study smarter with the SolutionInn App