What is non-sampling risk?
Question:
What is non-sampling risk?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (1 review)
ANSWER Nonsampling risk also known as nonsampling error refers to the risk of misstatement in audit conclusions that is not related to the sampling process Unlike sampling risk which arises from the u...View the full answer
Answered By
Patrick Busaka
I am a result oriented and motivated person with passion for challenges because they provide me an opportunity to grow professionally.
5.00+
38+ Reviews
58+ Question Solved
Related Book For
Auditing A Practical Approach
ISBN: 9781118878415
1st Extended Canadian Edition
Authors: Robyn Moroney, Fiona Campbell, Jane Hamilton, Valerie Warren
Question Posted:
Students also viewed these Business questions
-
Required a. Use professional judgment in deciding on the preliminary judgment about materiality for earnings, current assets, current liabilities, and total assets. Your conclusions should be stated...
-
This module provided a detailed example of the use of sampling to determine whether individuals could reduce their resting heart rates through an aerobic exercise program. Required: Indicate whether...
-
Employees at Stuart Consulting Services prepare monthly time sheets allocating their work hours to various client projects. Time sheets are prepared online and sent to the supervisor for approval....
-
Dominic and Magalie have been married for five years and have thes children, aged four, seven and nine. Dominic and Magale are diverong and Magalie has been ordered to pay child support, until the...
-
How can a nation have a favorable balance of trade but still have a deficit balance of payments?
-
Please Help, Thank You! Smart Company prepared its annual financial statements dated December 31,2020 . The company applies the FIFO inventory costing method; however, the company neglected to apply...
-
5. Grant funds received from the federal government and remitted directly to students provide an example of: a An exchange transaction b An endowment c An agency transaction d A restricted...
-
Tara Harris opened Tara's Maids Cleaning Service, Ltd. on July 1, 2017. During July, the company completed the following transactions. July 1 Shareholders invested 15,000 cash in the business in...
-
2020 2019 Amount Percent Amount Percent 1,013,412,622 76% 1,231,502,943 33% 1,128,196,981 2,051,127,090 535,902,141 83,881,848 84% 40% 6% 549,866,677 65,911,077) 54% 15% 2% 219,832,803 16% 60,403,364...
-
What is statistical sampling?
-
How does sampling risk relate to tests of controls and substantive testing?
-
The graph of x 2 /4 - y 2 = 1 is a hyperbola. We know that the graph of this hyperbola approaches its asymptotes as 0 x 0 increases without bound. Work Exercises in order, to see the relationship...
-
Write a java program that contain two overloaded methods that accepts two numbers or two characters representing a range example (11, 37) or (c, w) inputted by the user. The method generates a random...
-
Maggie could not conceive a child using natural means, so she sought out a woman who would donate an egg to be surgically implanted in Maggie. Which of the following items are deductible by Maggie in...
-
M corporation is subject to tax only in state b state b law provides for the use of federal taxable income before net operating loss and special deductions as the starting point for computing state...
-
Use Routh Criteria to determine the values of K needed for the system represented by the Characteristic Equation to be stable. (1 + K)s + (2K + 3)s + 2 3K = 0 Obtain the root locus plot for the...
-
Q7 a) Two forces equal to 2P and P act on a particle. If the first be doubled and second is increased by 12N, the direction of resultant remains unaltered. Find the value of P (5)
-
Net income for Hershey Foods for the third quarter is $143,600.000 or $1.09 a share. This is compared with net income of $123,100,000 or $0.89 a share for the same quarter a year ago. What was the...
-
Chloroplasts are illuminated until the levels of the Calvin cycle intermediates reach a steady state. The light is then turned off. How does the level of RuBP vary after this point?
-
Bob Downe is auditing Red Gum Home Furniture (RGHF), a manufacturer and retailer of boutique home furniture. RGHF was founded 25 years ago by a husband and wife team and has grown rapidly in the last...
-
Bob Downe is auditing Red Gum Home Furniture (RGHF), a manufacturer and retailer of boutique home furniture. RGHF was founded 25 years ago by a husband and wife team and has grown rapidly in the last...
-
Bob Downe is auditing Red Gum Home Furniture (RGHF), a manufacturer and retailer of boutique home furniture. RGHF was founded 25 years ago by a husband and wife team and has grown rapidly in the last...
-
A proposed $2.5 M investment in new equipment at a 100 MG/y M&Ms factory will save the plant $800,000/y in energy costs. Assuming an annual interest rate of 5%/y (compounded annually), and an...
-
Brief Exercise 10-7 Coronado Company obtained land by issuing 2,250 shares of its $14 par value common stock. The land was recently appraised at $103,240. The common stock is actively traded at $44...
-
The following schedule reconciles Cele Co.'s pretax GAAP income Pretax GAAP income Nondeductible expense for fines Tax deductible depreciation in excess of GAAP depreciation expens Taxable rental...
Study smarter with the SolutionInn App