Tolerable error: (a) is the maximum error an auditor is willing to accept within the population. (b)
Question:
Tolerable error:
(a) is the maximum error an auditor is willing to accept within the population.
(b) is positively related to sample size.
(c) relates only to control testing.
(d) is an amount prescribed by CAS 530.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (12 reviews)
a Is the maximu...View the full answer
Answered By
Pushpinder Singh
Currently, I am PhD scholar with Indian Statistical problem, working in applied statistics and real life data problems. I have done several projects in Statistics especially Time Series data analysis, Regression Techniques.
I am Master in Statistics from Indian Institute of Technology, Kanpur.
I have been teaching students for various University entrance exams and passing grades in Graduation and Post-Graduation.I have expertise in solving problems in Statistics for more than 2 years now.I am a subject expert in Statistics with Assignmentpedia.com.
4.40+
3+ Reviews
10+ Question Solved
Related Book For
Auditing A Practical Approach
ISBN: 978-1118849415
2nd Canadian edition
Authors: Fiona Campbell, Robyn Moroney, Jane Hamilton, Valerie Warren
Question Posted:
Students also viewed these Business questions
-
Match the term to the definition. a. Attribute sampling b. Desired confidence level c. Allowance for sampling risk d. Sampling risk e. Sampling population f. Nonstatistical sampling g. Tolerable...
-
MULTIPLE-CHOICE QUESTIONS 1. Refer to Exhibit. Assume a 5% risk of overreliance, a tolerable deviation rate of 8%, a sample size of 100, and that the number of deviations is 5. What is the upper...
-
The Mall Street Journal is considering offering a new service which will send news articles to readers by email. Their market research indicates that there are two types of potential users,...
-
Explain how you solve problems during the implementation of your projects. Does this operate as a formal approach and/or use specific supportive techniques?
-
John Hansen owns Hansen Sporting Goods, a retail store organized as a sole proprietorship. He also owns a home that he purchased for $250,000 but that is worth $300,000 today. (Hansen has a $140,000...
-
Find the general solution of the given system. dx = x + y - z dt dy 2y dt dz = y - z dt
-
Go to www.brighthubpm.com/monitoring-projects/ 51982-understanding-the-s-curve-theory-for-project-management- monitoring/ and read the article on the multiple uses of project S-curves. What does the...
-
Draw a class diagram for the cars and owners described in exercise 9 but include subclasses for sports car, sedan, and minivan with appropriate attributes.
-
Consider the following before you begin writing: - Open with a short buffer statement indicating that you received and understand the request - Communicate that you value the customer's business -...
-
The cable exerts a 140-N force on the telephone pole. Determine the moment of this force about point A. Solve the problem using two different position vectors. F = 140 N/ 3 m B Z 6 m 2m -y
-
Non-sampling risk: (a) Occurs only if you test every member of the population. (b) Applies only to samples taken for the purposes of control testing. (c) Is the risk that an auditor arrives at an...
-
The auditor has discovered errors when conducting substantive testing on a sample of invoices. If the total error discovered is $3,442, the dollar value of the sample is $25,136, and the population...
-
The dipole moments of the hydrogen halides decrease from HF to HI (see Table 10.3). Explain this trend?
-
Before beginning a study investigating the ability of the drug heparin to prevent bronchoconstriction, baseline values of pulmonary function were measured for a sample of 12 individuals with a...
-
which of the following (list all that apply) are advantages of a balanced binary search tree over an unbalanced one: 1. it requires less memory 2. it's faster to move from node to node 3. it's faster...
-
6) Do you find conditional probability problems challenging? Have you tried watching the videos on canvas and has it helped?
-
1. Determine the cost of heating 3 gallons of water (water weighs 8.33L per gallon ) at a room temperature of 22 degrees Celsius to the boiling point of 100 degrees Celsius at the energy rating of...
-
Writer One Inc. manufactures ball point pens that sell at wholesale for $0.80 per unit. Budgeted production in both 2018 and 2019 was 16,000 units. There was no beginning inventory in 2018. The...
-
For the following exercises, explain the notation in words. The volume f(t) of a tank of gasoline, in gallons, t minutes after noon. f(30) = 20
-
The Higher the time period of the financial security the higher the. ............... risk. O a. Maturity O b. Default and Maturity Oc. Default O d. Liquidity
-
A generally accepted definition of earnings management is the planned timing of revenues, expenses, gains, and losses to smooth out earnings over a number of accounting periods. Generally speaking,...
-
A generally accepted definition of earnings management is the planned timing of revenues, expenses, gains, and losses to smooth out earnings over a number of accounting periods. Generally speaking,...
-
Describe the alternative methods entities use to determine their inventory at the end of the reporting period and the possible effect of each method on audit strategy.
-
Prepare journal entries to record the following events: Jul. 1 Klemens Company accepted a 5%, 3-month, $8,000 note dated July 1 from Mox Company for the balance due on Mox's account. Jul. 31 Klemens...
-
FINANCIAL STATEMENT ANALYSIS INSTRUCTIONS 1. PREPARE RATIO ANALYSIS REPORT ( word file) Format 1. Introduction 2. Importance of Financial Statements 3. Importance of Financial statement analysis and...
-
Let us assume that Europe is in recession, China's economy is slowing down, and the US economy is growing at 1-2%. Use these assumptions to invest in 4 ETFs (electronically traded funds). The 4 ETFs...
Study smarter with the SolutionInn App