Which of the following sampling risks does the audit team control in an attributes sampling application (ROO
Question:
Transcribed Image Text:
R00 Yes No Yes No ROU Yes es No No
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 87% (8 reviews)
a Incorrect The audit team does not control the risk o...View the full answer
Answered By
Muhammad Salman Alvi
Well, I am a student of Electrical Engineeing from Information Technology University of Punjab. Just getting into my final year. I have always been good at doing Mathematics, Physics, hardware and technical subjects. Teaching profession requires a alot of responsibilities and challenges.
My teaching experience started as an home tutor a year ago. When I started teaching mathematics and physic subjects to an O Level student. He was about 14 years old. His name was Ibrahim and I used to teach him for about 2 hours daily. Teaching him required a lot of patience but I had to be polite with him. I used to give him a 5 min break after 1 hour session. He was quite weak in basic maths and calculation. He used to do quite a lot of mistakes in his homework which I gave him weekly. So I decided to teach him basics from scratch. He used to say that he got the concept even if he didn't. So I had to ask him again and again. I worked on his basics for a month and after that I started taking a weekly test sesions. After few months he started to improve gradually. Now after teaching him for about a year I can proudly say that he has improved alot. The most important thing was he managed to communicate all the difficullties he was facing. He was quite capable and patient. I had a sincere desire to help him reach to its full potential. So I managed to do that. We had a very good honest relationship of a student and a teacher. I loved teaching him as a tutor. Now having an experience of one year teaching I can read students quite well. I look forward to work as an online tutor who could help students in solving their all sort of difficulties, problems and queries.
4.90+
29+ Reviews
43+ Question Solved
Related Book For
Auditing and Assurance Services
ISBN: 978-0077862343
6th edition
Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws
Question Posted:
Students also viewed these Auditing questions
-
Which of the following risk types increase when an auditor performs substantive analytical audit procedures for financial statement accounts at an interim date? a. Inherent. b. Control. c. Detection....
-
Which of the following audit procedures would not likely be performed for audits of investments? a. Read board of directors minutes for authorization of investment strategies. b. Confirm investments...
-
Which of the following audit procedures would not likely be performed for audits of share-holders equity? a. Read board of directors minutes for authorization of equity transactions. b. Confirm...
-
L-keys, such as the one shown in the figure below, are commonly used to insert screws and bolts in medical implants. This insertion process can be simplified into the loading scenario shown in the...
-
Maria and Joe are a married couple who are very thrifty and generous, donating 10 percent of their income to various charities. They have no itemized deductions except their charitable contributions...
-
Your research study of Gen Z (born 1995-2012) spending arrived at these insights. Gen Z (1) sees technology as an extension of themselves, not a tool, thus it affects everything they do, (2) reject...
-
What is a project methodology? AppendixLO1
-
A block (mass m1) lying on a frictionless inclined plane is connected to a mass m2 by a mass less cord passing over a pulley, as shown in Fig. 4-57. (a) Determine a formula for the acceleration of...
-
Two companies report the same cost of goods available for sale but each employs a different inventory costing method. If the price of goods is not changed during the period, then the company using...
-
Again continuing problem 2, perform a sensitivity analysis where the selling prices of Basics and XPs simultaneously change by the same percentage, but the selling price of VXPs remains at its...
-
Which of the following factors has a direct relationship with sample size in an attributes samplingapplication? Tolerable Expected Population Deviation Rate Rate of Deviation Yes No Yes No Devi a. b....
-
Why is the audit team more concerned with controlling the exposure to the risk of overreliance than with the risk of underreliance? a. Only the risk of overreliance results in an incorrect audit...
-
The Possum Transport Company produces bikes, skates and mopeds. Mopeds are not as popular as they used to be, and the company is considering dropping this product. Possum currently sells 10000 mopeds...
-
Most businesses have been impacted negatively in 2020 by the outbreak of Corona virus leading to the disease Covid 19. Many countries went in lock down where by economic activities nearly came to a...
-
The unadjusted trial balance has been entered on a 10-column end-of-period spreadsheet work sheet) for you. Complete the spreadsheet using the following adjustment data a Physcial inventory count on...
-
A) What should be the price of the call option? B) Assume that the call option on Apple with strike price $90 and maturity in one year is currently trading at $17. You immediately tell your broker...
-
White Company has two departments, Cutting and Finishing. The company uses job-order costing and computes a predetermined overhead rate in each department. The Cutting Department bases its rate on...
-
Can someone please help me figure out how to find the qualified business income for this problem? Maria and Javier are the equal partners in MarJa, a partnership that is a qualifying trade or...
-
Should a firm always turn faroverdue bills from customers over to a collection agency or sue the customers? Why or why not?
-
Would you use the adjacency matrix structure or the adjacency list structure in each of the following cases? Justify your choice. a. The graph has 10,000 vertices and 20,000 edges, and it is...
-
What role does ICANN play in the Internets management? Does ICANN regulate content?
-
Once material related party transactions have been identified, what steps does the auditor perform on those transactions? What is the purpose of performing those steps?
-
What is the auditor ultimately trying to determine regarding material related party transactions and the financial statements?
-
Minutes after your college graduation, your family is gathered around discussing your achievements and future plans. Your uncle asks what exactly you plan to do with your degree in accounting. While...
-
Management makes many judgements and estimates in preparing accounts, some of which will have a significant effect on the reported results and financial position. Give examples of ZAIN estimates and...
-
What is the NPV of a project with an initial investment of $350,000 and annual cash inflows of $150,000 for the next 10 years? Cost of capital is 13% A $436,721.21 B $442,901.59 C $452,932.43 D...
-
Journal DATE DESCRIPTION POST. REF. DEBIT CREDIT 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 Joumalize the entries for the following transactions. Refer to the Chart of Accounts for exact wording of...
Study smarter with the SolutionInn App