Reducing substantive tests of transactions

Reference no: EM1397125

If sales invoices are automatically calculated and posted by a company's computer system, can the auditor reduce substantive tests of transactions for the accuracy objective? Why?

2. Can you distinguish between the point estimate of the total misstatements and the true value of the misstatements in the population?

3. What is sampling risk? Does it apply to nonstatistical sampling? Why or why not?

Reference no: EM1397125

Questions Cloud

What is the difference between diets : What is the difference between diets that are specifically designed for diabetics and diets for normal people?

Steric demands of the leaving group : If the steric demands of the leaving group in the 2-methyl-s-butyl system were greater than those of a methyl group, why would 2-methyl-1-butene be expected to be formed in greater amounts

Explain the life event which had influence on life : Write down the paragraph in which you explain the life event which had a major impact on you. Start with topic sentence recognizing the major influence.

Rio river railroad statistical analysis : The Rio-River Railroad, headquartered in Santa Fe, New Mexico, is trying to devise a method for allocating fuel costs to individual railroad cars on a particular route between Denver and Santa Fe.

Reducing substantive tests of transactions : If sales invoices are automatically calculated and posted by a company's computer system, can the auditor reduce substantive tests of transactions for the accuracy objective? Why?

Estimate expected phenotypic ratio of the offspring : In pea plant flowers, purple (P) is completely dominant to white (p). If a plant that is true breeding for purple flowers is crossed with a plant with white flowers,

Determining regression-range : What measurements assesses the amount of variance of change in the dependent variable reflected by changes in the independent variable?

Change in a nucleotide in mrna : Transfer of DNA from a donor to a recipient cell by a bacteriophage. Feedback inhibition differs from repression because feedback inhibition

Create comprehensive recovery plan on super bowl : Create the comprehensive Recovery Plan for one of Chemical Attack on the Super Bowl. Describe the suitable role and responsibility for all agencies involved.

User Account

All Pages