In what steps of a sampling plan would the use of non-statistical sampling differ from the use

Question:

In what steps of a sampling plan would the use of non-statistical sampling differ from the use of statistical sampling?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Auditing and Assurance Services

ISBN: 978-0077862343

6th edition

Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws

See More Books

Question Posted: Oct 27, 2014 06:11 AM

See More Questions

In which step of a sampling plan is non-statistical sampling different from statistical sampling? a. Define the characteristic of interest. b. Define the population. c. Measure the sample items. d....
What is statistical sampling? How does it differ from nonstatistical sampling?
What are statistical tolerance limits? Explain how they differ from natural tolerance limits.
Tony acquired 1,000 shares in X Co (a resident public company) for $10 each in August 2000. In January this year X Co returned $7 of capital to its shareholder in respect to each share they held. The...
Distinguish tax planning from tax compliance.
There are two basic methods for connecting more than one electrical device in a circuit. Name, describe, and give the advantages of each.
Describe PRINCE2 and be familiar with its core principles, processes, and themes. AppendixLO1
The controller of Arrowroot Company wishes to improve the companys control system by preparing a monthly cash budget. The following information relates to the month ending July 31, 20X1: June 30,...
Below shows the sales and salary of six employees working at XYZ Manufacturing Corporation. In this corporation, all salesperson are paid 2.5% commission on sales up to 30,000, 4% commission on sales...
Ewing Natural Gas is a large energy company with headquarters in Dallas, Texas. The company offers a wide variety of energy products and has annual revenues of approximately $50 billion. Because of...
What is sequential sampling? What are its advantages and disadvantages?
How should an audit team using non-statistical sampling for attributes testing evaluate the results of the test?
A valid instrument is always reliable, but a reliable instrument is not always valid. Comment on this statement.
1.For Zenith Co. the Processing Division sells a computer module to the company's Assembly Division, which assembles the finished product.The Microprocessor Division is currently working at capacity....
I. The company "EVERYTHING FRESH EXCEPT THE CHICKEN" buys birds to process and distribute them for human consumption. From the process of these birds 3 products "breasts, thighs and wings" are...
What is the decimal value of this 8-bit two's complement number? 1000 0000
Direct Disk Drive Company operates a computer disk manufacturing plant. Direct materials are added at the end of the process. The following data were for June2017: Work in process, beginning...
You are the director of health information management at an acute care hospital. The hospital's radiology manager has come to you because an employee mistakenly included protected health information...
In Japan, many consumers pay their bills by electronic deduction from their checking accounts instead of using paper checks. What effect do you think this has on the collection float of Japanese...
Reconsider Prob. 1474. In order to drain the tank faster, a pump is installed near the tank exit as in Fig. P1475. Determine how much pump power input is necessary to establish an average water...
What is due process? How does the American concept of due process lead it to treat jurisdiction differently than other parts of the world?
Why does the auditor undertake procedures to identify any debt covenant violations that occurred throughout the year and at year end?
What is the difference between a defined benefit and a defined contribution pension plan? What does it mean when a plan is funded?
During what period of time are pension and postretirement benefits expensed?
Your company produces a health magazine. Its sales data for 1 - year subscriptions are as follows: Year of Operation Subscriptions Sold % Expired at Year End 2 0 2 0 $ 3 0 0 , 0 0 0 5 2 0 2 1 $ 6 4 7...
Problem 3 - 2 0 ( Static ) Calculate profitability and liquidity measures LO 3 - 3 , 3 - 4 , 3 - 6 Presented here are the comparative balance sheets of Hames Incorporated at December 3 1 , 2 0 2 3...
3 Required information [The following information applies to the questions displayed below) John and Sandy Ferguson got married eight years ago and have a seven-year-old daughter. Samantha. In 2020,...

In what steps of a sampling plan would the use of non-statistical sampling differ from the use

Question:

Step by Step Answer:

Step 5 selecting the sample may be performed differently for nonstatistical sam...View the full answer

Auditing and Assurance Services

Students also viewed these Auditing questions