Describe four methods of sample selection

Assignment Help Accounting Basics
Reference no: EM132616269

Question - Audit sampling states that the objective of the auditor, when using audit sampling, is to provide a reasonable basis for the auditor to draw conclusions about the population from which the sample is selected.

Required -

(a) Explain the difference between statistical and non-statistical sampling and describe four methods of sample selection.

(b) Describe the procedures the auditor would perform where errors have been identified in a sample.

Reference no: EM132616269

Questions Cloud

How advice the management on the suitability of the project : Mayfair Limited intends to introduce a new product, T, into market.Using the net present value approach advice the management on the suitability of the project
Discuss importance of public finance to economy of namibia : Public finance is an enquiry into the facts, techniques, principles, theories, Discuss the importance of public finance to the economy of Namibia
Question - Briefly discuss Fibertech financial statements : Question - Briefly discuss Fibertech's financial statements. If you were a shareholder in Fibertech sitting in the Board of Directors
Advice the management on the suitability the project : The cost of capital is 15% per annum. Using the net present value approach, advice the management on the suitability the project
Describe four methods of sample selection : Explain the difference between statistical and non-statistical sampling and describe four methods of sample selection
Discuss accrual versus cash accounting : Find a recent article related to "Accrual versus Cash Accounting," "Revenue Recognition," or "Accounting Fraud." Then please provide the webpage
Explain any four actions or transactions by management : State and explain any four actions or transactions by management and shareholders that could be harmful to the interests of debt holders
Describe the factors Azhar and Co should consider : Describe the factors Azhar & Co should consider when placing reliance on the work of the independent valuer. Comment on the acceptability of the revaluation
Write short notes on any four restrictive covenants : Write short notes on any four restrictive covenants that debt holders may use to protect their wealth from management and shareholder raids

Reviews

Write a Review

Accounting Basics Questions & Answers

  On january 1 a company issues bonds dated january 1 with a

on january 1 a company issues bonds dated january 1 with a par value of 300000. the bonds mature in 5 years. the

  Compute electrolux cos basic earnings per share

Compute Electrolux Co's basic earnings per share in cents for the year ended 31 October 2006. Differentiate whether this is a finance lease

  Problem regarding saving for retirement

You are saving for retirement , to live comfortably, you decide you will need to save $2 million by the time you are 65. today is your 30th birthday , and you decide, starting today and continuing on every birthday up to and including your 65th bi..

  Identify and explain a significant contribution

Identify and explain a significant contribution made by Chinese immigrants or Indian immigrants to American society and/or to the workforce during this time period.

  Alpha company had an increase in inventory of 20000 the

alpha company had an increase in inventory of 20000. the cost of goods sold was 40000. there was a 10000 increase in

  What is the optimal capital budget

The company's earnings and dividends are growing at constant rate of 5 percent; What is the optimal capital budget after adjustment for project risk

  Suppose rhm is expected to pay the total cash dividend of

suppose rhm is expected to pay the total cash dividend of 5.60 next year and its dividends are expected to grow at the

  What elements need to be satisfied under section

An applicant to bring a proceeding on behalf of a company, what elements need to be satisfied under section 237(2) of the Corporations Act 2001 (Cth)?

  Prepare a pension worksheet for hennein company

During 2014, service cost was $27,500, the settlement rate was 10%, Prepare a pension worksheet for Hennein Company for 2014

  Calculate the inventory turnover

Assume the following data for a retail business in 2013: Net sales: $640,000 and Expenses: 64,000. Calculate the inventory turnover

  Calculate relevant ratios based on the financial statements

ACC100 PRINCIPLES OF ACCOUNTING - Calculate relevant ratios based on the financial statements provided in the annual report in the context of the assigned

  What is Estelle basis in truck for calculating depreciation

Estelle owns a pickup truck costing $16,000 that she uses in her personal activities. What is Estelle's basis in the truck for calculating depreciation

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd