What major difference between (a) Tests of controls and substantive tests of transactions (b) Tests of details
Question:
(a) Tests of controls and substantive tests of transactions
(b) Tests of details of balances makes attributes sampling inappropriate for tests of details of balances?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 58% (12 reviews)
The major difference between a Tests of controls and substantive tests of transactions b Tests o...View the full answer
Answered By
Shaira grace
I have experience of more than ten years in handing academic tasks and assisting students to handle academic challenges. My level of education and expertise allows me communicate eloquently with clients and therefore understanding their nature and solving it successfully.
5.00+
4+ Reviews
10+ Question Solved
Related Book For
Auditing and Assurance services an integrated approach
ISBN: 978-0132575959
14th Edition
Authors: Alvin a. arens, Randal j. elder, Mark s. Beasley
Question Posted:
Students also viewed these Auditing questions
-
A considerable portion of the tests of controls and substantive tests of transactions are performed simultaneously as a matter of audit convenience. But the substantive tests of transactions...
-
What major difference between tests of controls and tests of details of balances makes attribute sampling inappropriate for tests of details of balances?
-
Examine the tests of controls and substantive tests of transactions results, including the sampling application in Case 18-32, for Ward Publishing Company. Assume that you have already reached...
-
Solve the equation symbolically. Then solve the related inequality. |2.1x0.7| = 2.4, 2.1x -0.7 2.4
-
Telephone companies charge different rates for calls during the day, in the evening, and at night or weekends. Do you consider this to be price discrimination?
-
A debt of $40 000 is to be repaid in installments due at the end of each month for seven years. If the payments are deferred for three years and interest is 7% compounded quarterly, what is the size...
-
Use the NBA PER data introduced in Problem 8.21 and consider the model found in part $\mathrm{c}$ of that problem. There are some potential outliers in the data (the first observation is an obvious...
-
A solution of diphenyl (MW = 154.2) in benzene is formed by mixing 56.0 g diphenyl with 550.0 mL of benzene. Estimate the effective vapor pressure of the solution at 30C and the melting and boiling...
-
equation. Using the Laplace transform, solve the following initial-value differential -4y+13y = e+ sin(3t) with y(0) = 4 and y(0) = 3 Question 5. (5 points) Find the inverse Laplace transform of 4...
-
A study was conducted to determine if crocodiles raised in captivity (i.e., in a zoo) grew faster than crocodiles living in the wild. Identify the explanatory variable and the outcome variable....
-
In recent years, several high-profile incidents of improper revenue recognition attracted the attention of the business media. The SEC has also expressed concerns about the number of instances of...
-
Define stratified sampling and explain its importance in auditing. How can an auditor obtain a stratified sample of 30 items from each of three strata in the confirmation of accounts receivable?
-
NFL Contracts 2019 contains the yearly salary (in millions of dollars) from the contracts of all players on a National Football League (NFL) roster at the start of the 2019 season. (a) Use StatKey or...
-
Bo Linball rolls a 8 . 1 kg bowling ball down the alley for the league championships. One pin is standing still, and Bo hits it head - on with a ( forward ) unknown velocity. The 2 . 4 kg pin...
-
. A spring scale reads 2 0 N as it pulls a 5 . 0 kg mass across a table. What is the magnitude of the force exerted by the mass on the spring scale?
-
6. A clothes iron is heated to 170C and is used in a room that is at 22C. Its surface area is 325 cm and the emissivity of the surface is 0.4. If the heat lost by convection and conduction is...
-
A 129 kg fridge rests on a floor with s = 0.261. How much force does it take to set the fridge in motion? (Unit = N)
-
A car of 2 0 0 0 kg goes over the top of a hill of radius 5 0 m at a speed of 2 0 m / s . What normal force in Newtons does the road exert on the car as it goes over the hill?
-
Which of the following tags is used to make a named servlet? (a) (b) (c) (d)
-
Why do markets typically lead to an efficient outcome for buyers and sellers?
-
You must check the document _______________. (a) page by page, (b) page-by-page. Choose the correct option.
-
Five months after issuing an unqualified audit opinion and an unqualified opinion on internal controls for the audit of the year ended December 31, 2019, for a large publicly traded client, the...
-
Distinguish between a management letter and a letter about significant deficiencies in internal control. Give examples of items that might be included in a management letter.
-
Describe what is meant by the term non-GAAP measure and summarize requirements regarding the inclusion of non-GAAP measures in financial statements filed with the SEC.
-
If a family spends its entire budget in a given time frame, the family can afford either 8 dance lessons or 5 karate lessons. Assuming the family spends its entire budget on just these two goods,...
-
Part 5 - Stretch Your Thinking- Answer the questions 18. Applying the least-cost rule is similar to applying the utility maximizing rule. Identify two similarities and two differences regarding these...
-
If today's youth learn the skills that they need to work in the global workforce before they leave school, then the economic crisis will end because unemployment will be greatly reduced." What...
Study smarter with the SolutionInn App