A key aspect of testing the completeness of a data set is: a. Determining that every customer

Question:

A key aspect of testing the completeness of a data set is:

a. Determining that every customer has a transaction.

b. The data has information from customers in data files from two different divisions.

c. Checking the numerical continuity of the data.

d. The data contains misstatements.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Auditing A Practical Approach with Data Analytics

ISBN: 978-1119401742

1st edition

Authors: Raymond N. Johnson, Laura Davis Wiley, Robyn Moroney, Fiona Campbell, Jane Hamilton

See More Books

Question Posted: Dec 31, 2019 05:34 AM

See More Questions

How would you select a sample to test the completeness assertion for sales? Would the sample used to test the occurrence assertion be effective for testing the completeness assertion?
[Adapted from Wiley CPA Review] Dana, an auditor for the audit firm C&C, recently finished up testing controls relating to managements assertion concerning the completeness of sales transactions. In...
1. Visit the website that is designed to provide more transparency to the earmark process. Does it give you the information you need to understand current earmarks? 2. Where do you draw the line?...
Select the best answer. 1. A local chapter of the Society for Protection of the Environment beneted from the voluntary services of two attorneys. One served as a member of the Society's board of...
A metric space if compact if and only if it is complete and totally bounded. x=Us
Evaluation of Profit CentersSegment Margin Derrald Pearl Company has two divisions, Computer Consulting and Construction. During the most recent year, the two divisions had the following operating...
Explain the case library development process.
North Dakota Electric Company estimates its demand trend line ( in millions of kilowatt hours) to be: D 5 77 1 0.43Q where Q refers to the sequential quarter number and Q 5 1 for winter of Year 1. In...
Comment pr. where weg - 1. 1,200 IT 3 00 1 Be Required: 1. Compute the plantwide predetermined overhead rate. per direct labor hour Calculate the overhead assigned to each product. Product 1 Product...
Your investment club has accumulated money and a friend suggests that you consider buying shares in GardenWare Products, which manufactures gardening tools and products. Because you may need to sell...
Emma Reed, an audit partner at Gung & Ho, CPAs, is auditing a company in the music industry that owns multiple record labels and sells music in North America and Europe. Emma is currently performing...
How does each of the following influence the reliability of the data: (1) Data obtained from external versus internal sources, (2) Data obtained directly versus indirectly, (3) Data from original...
How do we determine: a. Basic earnings per share? b. Diluted earnings per share?
Fineas Co. use the Job Order Costing system to determine product costs. Before entering 2020, the company has created a production budget, with an estimated total manufacturing overhead of $...
Define what a market value is? What are three major principles of investing funds? How does the federal government control the money supply? An investor purchases a 10-year U.S. Treasury note and...
1. Suppose we have two alternative designs, each of which yields a different present value of the total lifetime cost: the first is $1604 and the second is $1595. Verify that the present value of the...
Sometimes when we are asked for a linear model, the information that we are given is data about a scenario. In these cases we have to use Excel to generate a trendline. There is a video in this...
1. Purpose Explain 3 points from the Introduction section as to why this study is important. How did this study build on the existing literature in this area? 2. Participants Outline at least 2...
Starting with the finished version of Example 9.3, change the fixed marketing cost to $4000 (really $4 million) in cell B5, and change the decision criterion to maximize expected utility, using an...
You work as an operations consultant for a textile company. Your client has a well-established distribution system in the US market. The company has hundreds of stores and four distribution centers....
Wiley Jackson spent three months as an audit intern with a local practice office of a major accounting firm while he was earning an undergraduate accounting degree at the University of...
Andrea Jung earned a degree in English literature from Princeton in 1979. Before pursuing a law degree, the 20-year-old Jung decided to take a short break from academics to gain some real-world...
Antoine Deltour faced a difficult decision in the summer of 2008. Deltour was searching for a job after having completed a master's degree in business with a concentration in accounting from Ecole...
Last month the average daily balance on Kaitlin's credit card was $1,180.81. If there were 31 days in that month, and her daily interest rate was 0.048%, what is the amount of interest that she will...
During the current year, Jane spends approximately 90 hours of her time in developing computer software for a church (a qualified charitable organization). As a programmer and data analyst, Jane...
Can you please help me create a financial statement? Let me know if you need more information. Question: Template: Information: Thank you! Part Five Instructions Before preparing the Financial...

A key aspect of testing the completeness of a data set is: a. Determining that every customer

Question:

Step by Step Answer:

c Checkin...View the full answer

Auditing A Practical Approach with Data Analytics

Students also viewed these Business questions