What is the purpose of stratifying an audit population?
Question:
What is the purpose of stratifying an audit population?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
Answered By
Asim farooq
I have done MS finance and expertise in the field of Accounting, finance, cost accounting, security analysis and portfolio management and management, MS office is at my fingertips, I want my client to take advantage of my practical knowledge. I have been mentoring my client on a freelancer website from last two years, Currently I am working in Telecom company as a financial analyst and before that working as an accountant with Pepsi for one year. I also join a nonprofit organization as a finance assistant to my job duties are making payment to client after tax calculation, I have started my professional career from teaching I was teaching to a master's level student for two years in the evening.
My Expert Service
Financial accounting, Financial management, Cost accounting, Human resource management, Business communication and report writing. Financial accounting : • Journal entries • Financial statements including balance sheet, Profit & Loss account, Cash flow statement • Adjustment entries • Ratio analysis • Accounting concepts • Single entry accounting • Double entry accounting • Bills of exchange • Bank reconciliation statements Cost accounting : • Budgeting • Job order costing • Process costing • Cost of goods sold Financial management : • Capital budgeting • Net Present Value (NPV) • Internal Rate of Return (IRR) • Payback period • Discounted cash flows • Financial analysis • Capital assets pricing model • Simple interest, Compound interest & annuities
4.40+
65+ Reviews
86+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
What is the purpose of ISO 19011? What are the seven auditing principles? What does the credibility of the auditor depend on? What do you think are some of the consequences of carrying out an audit...
-
What is the purpose of an audit performed by a CPA? Do audits signify to financial statement users that no fraud and embezzlement occurred at the organization? How does sampling financial...
-
Assume that you are responsible for developing an audit program for a manufacturing client that sells to over 1,400 customers. You want to ensure your audit program addresses all relevant assertions...
-
DRAW A PLAN OF YOUR HOME THEN ESTIMATE QUANTITY OF * FOOTING *BLOCK WALL UNDER DPC * BLOCK WALL ABOVE DPC * CEMENT PLASTERING OUTSIDE *GYPSUM PLASTERING INSIDE
-
Refer to the Costello Music Company time series in exercise 49. a. Depersonalize the data and use the depersonalized time series to identify the trend. b. Use the results of part (a) to develop a...
-
The Laurenster Corporation is getting into the construction business. A list of activities and their optimistic, most likely, and pessimistic completion times are given in the following table for the...
-
Rods \(A B\) and \(A C\) have a diameter of \(20 \mathrm{~mm}\) and are made of 6061-T6 aluminum alloy. They are connected to the rigid collar which slides freely along the vertical guide rod....
-
You currently pay $10,000 per year in rent to a landlord for a $100,000 house, which you are considering purchasing. You can qualify for a loan of $80,000 at 9% if you put $20,000 down on the house....
-
Leven Clinic uses client-visits as its measure of activity. During September, the clinic budgeted for 3,000 client-visits, but its actual level of activity was 3,050 client-visits. The clinic has...
-
Identify the three parameters necessary to determine sample size in attribute estimation sampling plans.
-
How can an auditor achieve randomness when selecting a statistical sample?
-
Which of the following statements deletes all rows in the HOMEWORK10 table? a. DELETE * FROM homework10; b. DELETE *.* FROM homework10; c. DELETE FROM homework10; d. DELETE FROM homework10 WHERE amid...
-
What is the role of the Eximbank?
-
Why do relatively few international firms pursue a single-product strategy?
-
Should we worry if foreigners sell us goods cheaply?
-
What is the basis for Huaweis success in the global market for telecommunications equipment? Huawei (pronounced hwah-way), along with Haier, the worlds largest white goods manufacturer, and Lenovo, a...
-
Identify products you use regularly that are made by international firms that use the three different business strategies.
-
A settling tank for a municipal water supply is 2.5 m deep, and 20°C water flows through continuously at 35 cm/s. Estimate the minimum length of the tank which will ensure that all sediment (SG...
-
-x/2 x/4 If A = -x/2 and A-1 =6 then x equals
-
Solve by the elimination method. 9x+2y=-17 - 9x+y=32 Select the correct choice and, if necessary, fill in the answer box to complete your choice. OA. The solution is (Simplify your answer. Type an...
-
A long jumper leaves the ground at an angle of 17 above the horizontal, at a speed of 10 m/s. The height of the jumper can be modeled b h(x)=-0.046x+0.365x, where h is the jumper's height in meters...
-
Simplify the following expression in terms of fractional exponents. *(9x)5
Study smarter with the SolutionInn App