What is nonsampling risk and how can it be controlled?
Question:
What is nonsampling risk and how can it be controlled?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (2 reviews)
Nonsampling risk is a type of audit risk that arises from factors other than the sampling process Unlike sampling risk which occurs when the auditor m...View the full answer
Answered By
Michael Owens
I am a competent Software Engineer with sufficient experience in web applications development using the following programming languages:-
HTML5, CSS3, PHP, JAVASCRIPT, TYPESCRIPT AND SQL.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
A drawback of cubic resampling is that it produces DN overshoot on either side of sharp edges. The magnitude of the overshoot is directly proportional to the magnitude of . Although this...
-
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
-
Distribute one disjunction from the formula over a conjunction or fail if no such disjunction exists: A (B C) ' (A B) (A C) [6 marks] (iv) Repeatedly apply the distribution step until no more...
-
Which of the following is not a suggested procedure to establish internal control over cash disbursements? The bank statement is reconciled monthly. Anyone can sign the checks. Blank checks are...
-
Consider the following time series. a. Construct a time series plot. What type of pattern exists in the data? b. Using Minitab or Excel, develop the quadratic trend equation for the time series. c....
-
Explain what is meant by corporate governance.
-
2. You have estimated theNOPLAT for each of the divisions in a three-division firm at $40 million, $60 million, and $100 million, respectively, for Divisions A, B, and C. Using these figures, you...
-
Sorrento Industries manufactures plastic bottles for the food industry. On average,Sorrento pays $ 71 per ton for its plastics. Sorrentos waste disposal company has increased its waste disposal...
-
Help me The monthly tax due of P55,000. 07371.88 0 7372.88 0 7369.88 0 7370.88 The monthly tax due of P52,000. O 6666 O 6655 O 6644 O 6633 The monthly tax due of P38,000. O 3194.25 O 3197.25 O...
-
Identify the sampling risks inherent in sampling for attributes.
-
What is the purpose of attributes sampling in tests of controls?
-
Can you describe a situation in which you `satisficed' when making a decision?
-
Suppose a company bases its hourly rates on the number of customers per hour. The hourly rate the company charges is given by two functions where = g(2) 4, g(3) = 2, 9(4) = 3 and f(2) = 6, f(3) = 3,...
-
Which statements about insurance are true? 1- Insurance protects against the the worst-case scenario. All rational people want to buy insurance. 2- Insurance costs money, and therefore always...
-
need step by step instruction about creating this: in NX12 PART NAME: BRACKET ALL FILLETS R .313 ALL ROUNDS R .625 2X .500 1/500 2.875 9.500 4750 2875 $500 3.000 750 GENTERED IN OBJECT 2.375
-
8. Convert the angle - 7t from radian measure into degree measure. Show some work. 4
-
4. Variance Analysis. (CPA, adapted) The H. G. Company uses a standard cost system in accounting for the cost of one of its products. < The Budget is based on normal capacity of monthly production of...
-
What are the two possible methods of accounting for expenditures made during the useful life of a fixed asset? How does one determine which method to apply?
-
Suppose the market is semistrong form efficient. Can you expect to earn excess returns if you make trades based on? a. Your brokers information about record earnings for a stock? b. Rumors about a...
-
Nitin is paid a base salary of $200 per week and commission at the rate of 3% for sales over $5000, 4% if his sales are over $8000, and 5% if sales are over $15,000. How much will Nitin earn in a...
-
Safa is paid a base salary of $1500 per month and a commission of 6% on all sales over $75,000. Last month, Safa's gross salary was $4440. What were her sales for the month? a$149,000 b$124,000...
-
Your regular hourly rate of pay is $15.86, and you are paid double time for all work on weekends and for any time over forty hours per week (Monday to Friday). Calculate your gross earnings for a...
Study smarter with the SolutionInn App