Reference no: EM13981246
Question 1
Sampling is the application of an audit procedure to less than 100% of the items within an account balance or class of transactions for the purpose of evaluating some characteristic of all the items within the balance or class of transactions. Sampling is performed because it is more efficient than testing 100% of a population. Statement on Auditing Standards No. 39 on Audit Sampling provides guidance on the use of sampling in an audit of financial statements. Auditing standards indicate that not all instances of account balance or population being reviewed for trends and accuracy are appropriate for sampling.
Discuss situations when sampling would not be the best method to validate account balances or classes of transactions.
Explain.
Question 2
Post a response to the following:
• Should the antitrust authorities stop more corporate mergers than they currently do?
• What are some of the pros and cons?
Question 3
Describe a religion that is not your own.
Choose from one of the following religions: Ancient Egyptian belief, Hinduism, Greek or Roman Polytheism, Native American Religion, Buddhism, Taoism, Judaism, Christianity, or Islam. You must choose a religion that is not your own.
• Describe three features or tenets of the chosen religion.
• Mention any written works and prophets.
• Share how this religion compares to your religion or beliefs, even if you do not have a chosen "religion."
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Basis of the tornado diagram
: On the basis of the tornado diagram, advise your friend regarding either (1) whether to invest or (2) what to do next in the analysis.
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Find the speed of the water flow
: A pipe tapers out from an initial area A1 = 6.6x10-2 m2 to a final area A2 that is nine times as large over a distance d = 0.4 m. Water enters from the left in a steady volumetric flow of 300 liters/second and initial gauge pressure 17 kPa . Find ..
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Various possible loss scenarios
: Compare the grower's expected values for the three alternatives he has, considering the various possible loss scenarios for the burners and the sprinklers. Which alternative would you suggest the grower take? Why?
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Sentinel security product prototype description
: Sentinel Security Product Prototype Description - The paper should describe innovative aspects of your product and persuade the stakeholders of the intrinsic value of your product.
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Describe three features or tenets of the chosen religion
: Choose from one of the following religions: Ancient Egyptian belief, Hinduism, Greek or Roman Polytheism, Native American Religion, Buddhism, Taoism, Judaism, Christianity, or Islam. You must choose a religion that is not your own.
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How long were the bat and ball in contact
: A pitcher throws a 0.140-kg baseball with a speed of The batter strikes it with an average force of which results in the ball traveling with an initial speed of toward the pitcher. For how long were the bat and ball in contact?
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Explore the importance of issues
: Describe how he might use sensitivity analysis to explore the importance of these issues.
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Describe the major opportunities and challenges
: Describe the major opportunities and challenges retailers and wholesalers can expect to encounter in the coming year
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Range of alternatives available
: 1. Analyze the difficult decision situation that you identified in Problem 1.9. and structured in Problem 3.21. Be sure to examine alternatives for dominance. Does your analysis sug gest any new alternatives?
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