In selecting items for examination, an auditor considered three alternatives: (a) Random number table selection, (b) Systematic
Question:
(a) Random number table selection,
(b) Systematic selection, and
(c) Random number generator selection.
Which, if any, of these methods would lead to a random sample if properly applied?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 58% (12 reviews)
All three of the methods of selecting items for examination ...View the full answer
Answered By
GERALD KAMAU
non-plagiarism work, timely work and A++ work
4.40+
6+ Reviews
11+ Question Solved
Related Book For
Principles of Auditing and Other Assurance Services
ISBN: 978-0078025617
19th edition
Authors: Ray Whittington, Kurt Pany
Question Posted:
Students also viewed these Auditing questions
-
Which if any of these statements are true? Stock prices appear to behave as though successive values. a. are random numbers. b. follow regular cycles. c. differ by a random number.
-
a. Explain how you could use a random number table (or the random numbers generated by software or a calculator) to simulate rolling a fair four-sided die 20 times. Assume you are interested in the...
-
a. Explain how you could use a random number table to simulate rolling a fair six-sided die 20 times. Assume you wish to find the probability of rolling a 1. Then report a line or two of the random...
-
Compute the stone's average velocity over the time interval [0.5, 2.5] and indicate the corresponding secant line on a sketch of the graph of h(t). A stone is tossed vertically into the air from...
-
A friend says that the International Space Station shown on the cover of this book is beyond the pull of Earth's gravity. Correct your friend's misconception.
-
In Exercises 3948, find the term indicated in each expansion. 2x + y) 6 ; third term
-
The future value of an annuity ____________ if the payments are made at the beginning of the year.
-
Infinity Emporium Company received the monthly statement for its bank account, showing a balance of $66,744 on August 31. The balance in the Cash account in the companys accounting system at that...
-
Two stocks have the following: Stock A: Expected Return = 10% & Standard Deviation = 15% Stock B: Expected Return = 12% & Standard Deviation = 18% Calculate the coefficient of variation (CV) of each...
-
The following condensed information was reported by Peabody Toys, Inc., for 2021 and 2020: Required: 1. Determine the following ratios for 2021:a. Profit margin on salesb. Return on assetsc. Return...
-
Explain what is meant by the following statement: When sampling, the auditors should determine that the physical representation of the actual population is complete.
-
What are the three major factors that determine the sample size for an attributes sampling plan?
-
Design a full-page magazine advertisement for a new brand of soft drink. The name of the new drink, as well as package design, is at the discretion of the student. On a separate sheet, specify the...
-
The table below shows the population of Mozambique between 1960 and 2010. This data can be modelled using an exponential function of the form P = ab t , where t is the time in years since 1960 and a...
-
Southco is a medium-sized American-owned global manufacturer of access hardware solutions, such as latches and hinges, used for applications in the aircraft, railway, computer and automotive...
-
To what extent do staffing processes at the Dionysos reflect the strategic approach to recruitment and selection encapsulated by the conceptual framework and model depicted in Key Concepts 8.4 and...
-
Im an accounting major, not an operations expert, yelled just-promoted Bob Barthrow, the executive vice president of the Midwest Frequent Flyer Call Center, during a senior-level management meeting....
-
The Hudson Jewelers case study can be found in Appendix C. Chapter 14 Case Question for Discussion: 1.Customer demand (weekly visits) at Hudson Jewelers is highly seasonal, as shown in the worksheet...
-
Crystal begins depositing \(\$ 450\) per month from her paycheck each month in her employer-based 401(k) account. The employer matches \(\$ 350\) of each deposit. Crystal expects the return to...
-
Should U.S. antidumping laws be stated in terms of average total costs or average variable costs?
-
A. If you were going to use headings in this document, how would you group sections? What headings would you use? B. Which parts of the document would you consider converting to bulleted or numbered...
-
For what reasons do auditors obtain an understanding of a clients internal control?
-
What is the basic relationship between the effectiveness of the clients internal control and the necessary effectiveness of substantive procedures?
-
What is the basic relationship between the effectiveness of the clients internal control and the necessary effectiveness of substantive procedures?
-
Discuss American History
-
Your firm has developed a new lithium ion battery polymer that could enhance the performance of lithion ion batteries. These batteries have applications in many markets including cellphones, laptops,...
-
Need help analyzing statistical data 1. ANOVA) True or false: If we assume a 95% confidence level, there is a significant difference in performance generally across all groups. 2. (t-test) True or...
Study smarter with the SolutionInn App