Explain what is meant by dollar unit sampling and the difference between dollar unit and physical unit

Question:

Explain what is meant by dollar unit sampling and the difference between dollar unit and physical unit sampling. What are the advantages and problems with dollar unit sampling ?

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

Step by Step Answer:

Related Book For book-img-for-question

Applications Of Statistical Sampling To Auditing

ISBN: 9780130391568

1st Edition

Authors: Alvin A. Arens, James K. Loebbecke

See More Books

Question Posted: May 16, 2024 02:03 AM

See More Questions

Developments in Technology Light is incident from air on the end face of a multimode optical fibre at angle of incidence as shown below. n n 1 2 The refractive indices of the core and cladding are...
QUIZ... Let D be a poset and let f : D D be a monotone function. (i) Give the definition of the least pre-fixed point, fix (f), of f. Show that fix (f) is a fixed point of f. [5 marks] (ii) Show that...
can someone solve this Modern workstations typically have memory systems that incorporate two or three levels of caching. Explain why they are designed like this. [4 marks] In order to investigate...
8 Assume a company reported the following results: Sales Net operating income Average operating assets Margin Turnover Return on investment (ROI) What is the return on investment? ? $ 120,000 $...
Summit Printing Company is considering purchasing a new press, requiring an immediate $99,000 cash outlay. The new press is expected to increase annual net after-tax cash receipts by $20,000 in each...
Select from each of these groups the good that is likely to have the highest price elasticity of demand: Group A: Energy, oil, gasoline, Shell gasoline, Bills Shell Station gas. Group B: The gasoline...
Refer to Exercise 6. If the average delay in departure times differs by 2 minutes from one year to the next, by how much would you predict the average delay in arrival times to change?
Explain why Mayo Clinic is so good at customer service. Why has it been so successful practicing medicine differently from other hospitals?
Just Problem 2 please! = = = Problem 1. Consider an one period model with three states and two assets, a risk-free bond B and a stock. Suppose that Bo 100, BT 105, S. 10 and ST (8,9, 12). Consider a...
Explain the difference, for dollar unit sampling, between random number table with cumulative amounts, random selection noncumulative, and systematic sampling.
Why do auditors use stratified sampling? Explain the similarities of and differences between stratified and unstratified random selection using tables.
Determine each regions apportionment using Websters method. A post office in the city of Riverside has three regions in which to distribute the mail and 10 new mail trucks. The trucks are to be...
The force vector F has a magnitude of F = 385 lb and acts at point A at an angle 0 = 17 with respect to vertical as shown. The force F is balanced by the tension forces parallel to the two rods AC...
D1 Justify the use of a specific moulding technique for the manufacture of a given product
the igniter is made of a wire with paper tape holding it . In the head of the igniter is a very thin wire surrounded by pyrotechnic material. Pressing the second switch allows more current to flow...
Problem - Process Costing Atticus Electronics produces travel batter pack chargers. The company uses a process costing system. The following information pertains to operations for November Percentage...
B . what is the wavespeed? C . What is the frequency? D . What is the wave number? E . At t = 0 . 4 9 s , what is the diplacement of the string at x = 5 . 2 m ?
Use an Internet browser to search for the following terms: Electronic data interchange (EDI). Image-processing systems. Prepare a memo describing EDI and image- processing systems. Discuss the...
In the figure, two loudspeakers, separated by a distance of d1 = 2.63 m, are in phase. Assume the amplitudes of the sound from the speakers are approximately the same at the position of a listener,...
company SHARKIYA DESALIN You are in the accounts manager of financial analyst at the company. Prepare the financial analysis of performance report and analysis of the company in the year 2020...
In the weekly toam meeting one of your team members is presenting the results of the team's financial statement analysis to the supervisor. The team member commented. There are extremely positive...
41. Maria purchased a building in 2010 that she uses in her business. Maria uses the straight-line method for the building. Maria's original cost for the building is $420,000 and cost-recovery...

Explain what is meant by dollar unit sampling and the difference between dollar unit and physical unit

Question:

Step by Step Answer:

Dollar unit sampling DUS is a statistical sampling method used in auditing to select sample items based on their dollar amounts It is particularly useful when auditing financial statements or conducti...View the full answer

Applications Of Statistical Sampling To Auditing

Students also viewed these Business questions