Question: An auditor is more likely to use audit sampling over an audit data analytic procedure in which of the following situations? A.The audit population is

An auditor is more likely to use audit sampling over an audit data analytic procedure in which of the following situations?

A.The audit population is small and can efficiently be testing using traditional audit procedures.

B.The evidence to support the audit test is available in electronic form.

C.The internal controls over the relevant data are strong.

D.The relevant data can be "cleaned" up easily.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

The auditor is more likely to use audit sampling when professional standards expect the auditor to perform certain audit procedures. evidence to support the audit test is not available in electronic...

Q:

The auditor is more likely to use audit sampling when q , evidence to support the audit test is not available in electronic form the audit population is relatively small and can efficiently be tested...

Q:

The extent of substantive procedures refers to A. how much testing will be performed outside of a class of transactions or account balance B. how much testing will be performed within a class of...

Q:

Please only 10.3 10.7 and 10.9 R10.1 (LO 1) Assume that you are auditing inventory for a com- puter manufacturer with strong internal controls. Identify one assertion where the auditor is likely to...

Q:

The auditor is likely to use audit sampling in which of the following cases? The audit population is relatively large. O Evidence to support the audit test is not available in electronic form. O...

Q:

The auditor is likely to use audit sampling in which of the following cases? O The audit population is relatively large. O Evidence to support the audit test is not available in electronic form. O...

Q:

Help me with all the answers Question 1 of 50 Which of the following statements is false? Lapping of accounts receivable is least likely to occur when there is an inadequate segregation of duties....

Q:

Help me with the answers ,I need 95% at least I 'll give you good tip whoever help me to get 95 %trust me Question 1 of 50 Which of the following statements is false? Lapping of accounts receivable...

Q:

1 of 50 Which of the following statements is false? Lapping of accounts receivable is least likely to occur when there is an inadequate segregation of duties. Alternative procedures to the...

Q:

Application of the Audit Process to the Sales and Collection Cycle Answer the following questions: Describe the following documents and records and explain their use in the sales and collection...

Q:

Consider the following transfer function G(s)= 3e-s/10s + 1.what is the steady gain and time constant.if the forcing function is given by 4/s,what is the value of y(t) when t=infinite (III) for the...

Q:

Hector is one of four partners in Cross & Co., a firm of solicitors. Hector orders four new safes from Lock Ltd for the storage of confidential documents, one for the office of each partner in the...

Q:

A purchaser of an individual long - term care insurance policy has the right to return the policy for a full refund of the premium if done within A . 3 0 days of its delivery. B . 4 5 days of its...

Q:

A hockey puck sliding along the ice to the left hits the boards head-on with a speed of 35 m/s. As it reverses direction, it is in contact with the boards for 0.095 s, before rebounding at a slower...

Q:

A high school kicker makes a 30.0-yd field goal attempt (in American football) and hits the crossbar at a height of 10.0 ft. (a) What is the net displacement of the football from the time it leaves...

Q:

A farmer owns a piece of land in the shape of an equilateral triangle, 200 m on a side, which is totally fenced in. He wishes to construct an additional fence parallel to the side fronting the road...

Q:

A couple is traveling by car down a straight high-way at 40 km/h. They see an accident in the distance, so the driver applies the brakes, and in 5.0 s the car uniformly slows down to rest. (a) The...

Q:

(a) Compared with a 2- L soda bottle, a half- gallon soda bottle holds (1) more, (2) the same amount of, (3) less soda. (b) Verify your answer for part (a).

Q:

Question 7 . Given the following simple maze, convert the maze into a graph. ( 5 points ) Question 8 . Implement depth first search in the maze function in homework 1 . py . ( 2 0 points ) Question 9...

Q:

1. Discuss the following statements: a) The smaller the unit of measurement used to measure a coastline, the longer the coastline becomes. b) The interpretation is different from what is interpreted....

Q:

1. What information of vital importance is not expressed in the message? The answer to the question tells us a little about the code used between the parties.

Q:

2. Find five metaphors for communication.