A nonstatistical sampling plan can: a. Overstate the estimate of sampling risk. b. Misdirect an auditor to

Question:

A nonstatistical sampling plan can:

a. Overstate the estimate of sampling risk.

b. Misdirect an auditor to unreliable sampling units.

c. Replicate the results of a statistical sampling plan.

d. Understate the degree of audit assurance desired.

Choose the correct answer.

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: 9780538869522

5th Edition

Authors: David Ricchiute

See More Books

Question Posted: May 04, 2024 02:01 AM

See More Questions

A box contains 7 red marbles, 5 white marbles, and 6 blue marbles. If a marble is randomly selected from the box, what is the probability that it is red? Express your answer as a fraction or a...
CANMNMM January of this year. (a) Each item will be held in a record. Describe all the data structures that must refer to these records to implement the required functionality. Describe all the...
An auditor used a nonstatistical sampling plan to audit the inventory of an auto supply company. The auditor tested the recorded cost of a sample of inventory items by reference to vendors invoices....
1. Should Sandy do exactly what the partner suggests, or risk losing the business for the firm, and perhaps her job, by suggesting a different approach? 2. What might be an alternative approach? 3....
Give examples of several parts that are suitable for insert molding. How would you manufacture these parts if insert molding were not available?
Which of the following are chemical changes? Which are physical changes? a. The cutting of food b. Interaction of food with saliva and digestive enzymes c. Proteins being broken down into amino acids...
One source of cash savings for a company is improved management of inventory. To il lustrate, assume that Polaris and Arctic Cat both have $ 1,000,000 per month in sales of one model of snowmobiles...
A school psychologist wishes to determine whether a new antismoking film actually reduces the daily consumption of cigarettes by teenage smokers. The mean daily cigarette consumption is calculated...
Use the 2016 Marginal Tax Rates to answer questions 5 & 6 Married Filing Married Head of Tax Rate Single Separately Fling Jointly Household 10% up to $9275 up to $9275 up to $18.550 up to $13.250 15%...
Assume you are the newly assigned senior on a continuing audit engagement for the Ranson Corporation, and are meeting with Tom Porter, partner in charge of the engagement. Interim field work is...
In a probability-proportional-to-size sampling plan with a $$10,000$ sampling interval, an auditor discovered that a selected account receivable with a recorded amount of $$5,000$ had an audited...
Find the derivative of sec-1(x). Write the answer without any trigonometric functions. We can use Theorem 2.13 to find the derivatives of the inverse trigonometric functions.
Mr Santos apply for college educational plan for his 3 children .The 3 children ages are 6 yrs old , 3 yrs old and 1 yr old. The fund will be set-up the deposit of a fixed sum on the child's current...
Recovery Centers of America needs to acquire new vehicles that will cost $2.5 million across its six state service area. It plans to use the vehicles for three years, at which time new vehicles will...
The following program is supposed to allow the user to enter a list of numbers, then print them out formatted with 2 decimal positions. However, there are 3 errors. Indicate the line number of each...
(AVR) PR=IAVR=1R = (power dissipated by a resistor) (28.12) R
As a manager and an entrepreneur, you will face a new challenge - business venture structured on the theory of the firm. You are opening a restaurant in your selected town in the State of NY (please...
Repeat Exercise 9.48 assuming that the means are 140 and 138, respectively. Population 1: = 40, = 6 Population 2: = 38, = 8
In the synthesis of the keto acid just given, the dicarboxylic acid decarboxylates in a specific way; it gives Explain. HO rather than HO
Bill is a financial planner who had consulted with some of the most famous Hollywood starts and their carine friends. He issued an invoice on December 1 and received a check in the mail on December...
Identify test of controls that would not typically be used in assessing control design effectiveness: A) Reperformance. B) Inspection of documentation C) Inquiry D) Observation
Thornton Training Services (TST) provides instruction on the use of computer software for the employees of its corporate clients. It offers courses in the clients offices on the clients equipment....

A nonstatistical sampling plan can: a. Overstate the estimate of sampling risk. b. Misdirect an auditor to

Question:

Step by Step Answer:

The correct answer is b Misdirect an auditor to unreliable sampling units Nonstatistical samp...View the full answer

Auditing And Assurance Services

Students also viewed these Business questions