Name the factors the auditor should consider in deciding on the size of a sample for a
Question:
Name the factors the auditor should consider in deciding on the size of a sample for a test of controls.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
In determining the size of a sample for a test of controls auditors consider several factors to ensure that the sample provides sufficient and appropr...View the full answer
Answered By
Joseph Mwaura
I have been teaching college students in various subjects for 9 years now. Besides, I have been tutoring online with several tutoring companies from 2010 to date. The 9 years of experience as a tutor has enabled me to develop multiple tutoring skills and see thousands of students excel in their education and in life after school which gives me much pleasure. I have assisted students in essay writing and in doing academic research and this has helped me be well versed with the various writing styles such as APA, MLA, Chicago/ Turabian, Harvard. I am always ready to handle work at any hour and in any way as students specify. In my tutoring journey, excellence has always been my guiding standard.
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Auditing An Assertions Approach
ISBN: 9780471134213
7th Edition
Authors: G. William Glezen, Donald H. Taylor
Question Posted:
Students also viewed these Business questions
-
The PCAOB states that the auditor must perform enough of the testing of internal controls himself or herself so that it provides the principal evidence for the opinion on internal control. However,...
-
Custom Furniture Company was ready for an audit by a new CPA firm after replacing the previous auditor who had performed the audit for several years. The lawsuit filed by Custom's creditors against...
-
What are the factors the auditor should consider in determining the sample size for tests of controls as part of the auditor's attestation to management's assertion on the effectiveness of internal...
-
Horizon BP in Antelope Park, Alaska, has noticed that utility bills are substantially higher when the average monthly temperature is colder. The only thing in the shop that uses natural gas is the...
-
Show that null A = null(AT A) for any real matrix A.
-
Let and let A be the matrix in Exercise 9. Is b in the range of the linear transformation x Ax? Why or why not? Data from in Exercise 9 b = -1 1 0
-
What categories are most common for evaluation employee performance? Why? Have each group share their evaluation plans for each job. The instructor should help to construct a table on the board that...
-
Dion, a shareholder, owned 20% of Meadow Brooks stock for 292 days and 25% for the remaining 73 days in the year. Using the per-day allocation method, compute Dions share of the following S...
-
Pharoah Company uses a job order cost system and applies overhead to production on the basis of direct labor costs. On January 1, 2022, Job 50 was the only job in process. The costs incurred prior to...
-
In performing the sampling plan, how should the auditor classify unlocated documents?
-
What is the difference between unrestricted random selection and systematic sampling?
-
A directed graph G = (V, E) is said to be semi connected if, for all pairs of vertices u, v V, we have u v or v u. Give an efficient algorithm to determine whether or not G is semi connected. Prove...
-
Home Base, Incorporated reports the following production cost information: Units produced 97,000 units Units sold 92,000 units Ending finished goods inventory 5,000 units Direct labor $17 per unit...
-
About New York City public sector finance. The other way is to delineate the problem. We should use data to show a problem, and then analyze the environment in which budgeting takes place to suggest,...
-
From a survey a company has determined that 23% of its customers are classified as "advocates" , 68% as "passives" and the remainder as "detractors" . Research suggests that during a year 15% of the...
-
The following are the transactions of Spotlighter, Incorporated, for the month of January. a. Borrowed $3,940 from a local bank on a note due in six months. b. Received $4,630 cash from investors and...
-
1. What are the deeper problems that plague in different forms it takes throughout the world according to the authors? Please, briefly explain. 2. Why was Joseph Schumpeter a pessimist about the...
-
Explain strategic partnering.
-
Draw the appropriate control flow graph of the given pseudocode.Make sure to only use one number for blocks of code which are all sequential and when the first line is executed, all of those lines...
-
What provides the user with the highest level of assurance that the financial statements are free from material misstatement and/or that the financial statements do not require a material...
-
Are the following required to file a Federal return? Answer ( YES or NO ) HOH, age 29, gross income $18,850. Choose one answer. a. Yes b. No
-
Consider how Cherry Valley, a popular ski resort, could use capital budgeting to decide whether the $ 9 million Waterfall Park Lodge expansion would be a good investment. ( Click the icon to view the...
Study smarter with the SolutionInn App