Compare mean number of hours allocated to account receivable

Assignment Help Basic Statistics

Reference no: EM131417662

Objectivity in auditing. Objectivity is an essential characteristic of auditing. A study was conducted to investigate whether prior involvement in audit program design impairs an external auditor's objectivity in making decisions about that program (Accounting and Finance, November 1993). A sample of 45 auditors was randomly divided into three equal-size groups, designated A/R, A/P, and Control. The A/R group designed an audit program for accounts receivable and evaluated an audit program for accounts payable designed by someone else. The A/P group did the reverse.

Finally, the control group merely evaluated the audit programs for both accounts. All 45 auditors were then requested to allocate an additional 15 hours to investigate suspected irregularities in either one or both audit programs. The objective of the experiment was to compare the mean number of hours allocated to accounts receivable for the three groups.

2358_Tab 001.jpg

The means of the three groups of auditors were ranked using a Tukey multiple comparisons procedure at α = .05, as shown here:

At the beginning of the study, the researchers theorized that the A/R group would allocate the least audit effort to receivables and that the A/P group would allocate the most. Formally stated, the researchers believed that μAR C AP. Do the results support this theory? Explain.

Reference no: EM131417662

Questions Cloud

Determine whether the mean dominance ratings differ : Conduct an analysis of variance to determine whether the mean dominance ratings differ among the six facial expressions. Use α = .10.

How is the pursuit of perfection shown : How is the pursuit of perfection shown with the Classical Greek people? In answering this question, please choose one example of art, architecture, theater, or philosophy from this period and compare it to one other example from today which shows ..

Develop performance standards for the shift workers : MGMT335- Develop performance standards for the shift workers, identify appropriate methods of performance appraisal, and develop appropriate training to help get them back on track.

Describe the social and cultural resonance : Based on the films you have watched and the ways you have learned to interpret meaning in them, discuss your ideas about how films engage social concerns and have lasting effects on society. Pick a film (or films) as evidence of this dynamic and d..

Compare mean number of hours allocated to account receivable : At the beginning of the study, the researchers theorized that the A/R group would allocate the least audit effort to receivables and that the A/P group would allocate the most. Formally stated, the researchers believed that μAR C AP. Do the result..

Discuss the causes of the great depression : Write a 350-word response to each of the following questions: What do you think is meant by the statements above? How did the New Deal change America

Take a position on whether or not technology has facilitated : Take a position on whether or not technology has facilitated or diminished organizational communication. Provide an example that illustrates your position.

Senior manager and a friend : Make a list of at least five ways that your communication might differ when speaking to a more senior manager and a friend. Identify the context involved here.

Provision of constructive negative or corrective feedback : Identify team leadership communication responsibilities in relation to the provision of constructive negative or corrective feedback? Provide at least eight examples of how this can be done?

User Account

All Pages