What is an alternative to using sampling in an audit

Assignment Help Accounting Basics
Reference no: EM132047354

Auditing Questions -

Statistical sampling helps the auditor do what specific 3 things per the standard?

What is an alternative to using sampling in an audit?

What are the 2 general approaches to Sampling?

How does sample size relate to sufficiency of audit evidence?

When sampling is used, what are the two sampling risks associated with substantive tests?

When sampling is used, what are the two sampling risks associated with tests of controls?

What is the most important consideration when selecting a sample?

Briefly explain this statement: all items in the population should have an opportunity to be selected?

Reference no: EM132047354

Questions Cloud

Common stocks returned an average : Over a 20-year period an investment of $1,000 in common stocks returned an average of 11% in nominal terms and 4% in real terms.
Calculate total equity reported in xyz company balance sheet : Calculate the total equity reported in XYZ Company's balance sheet at December 31, 2016 after the appropriate adjusting entries have been recorded and posted
Operations manager for large manufacturer : Brad Shin is an operations manager for a large manufacturer.
What is the total production that the company could make : Currently, the company has 5 sewers and makes 10 shirts per day. What is the total production that the company could make in a month if it hired a new sewer
What is an alternative to using sampling in an audit : What is an alternative to using sampling in an audit? When sampling is used, what are the two sampling risks associated with substantive tests
Why you are drawn to your chosen age group : Add more details to your questionnaire so the interview is structured to help you gain the most from the experience of the professional.
Should silven industries make or buy the tubes : Should Silven Industries make or buy the tubes? What is the maximum price that Silven should be willing to pay the outside supplier for a box of 24 tubes?
Compute cocoi branch profits tax : Compute Cocoi's branch profits tax, and determine its branch interest withholding tax obligations. Assume that Cocoi does not reside in a treaty country
Can you reject the null hypothesis : The results are x-bar=$16.48 and s=$5.82. Using =0.05, can you reject the null hypothesis?

Reviews

Write a Review

Accounting Basics Questions & Answers

  On december 28 2013 videotech corporation vtc purchased 12

on december 28 2013 videotech corporation vtc purchased 12 units of a new satellite uplink system from tristar

  Compute the amount of net income for the month

An analysis of the transactions made by S. Moses & Co., a certified public accounting firm, for the month of August is shown below. The expenses were $650 for rent, $4,900 for salaries, and $500 for utilities.

  Josh has decided to incorporate his consulting practice

josh has decided to incorporate his consulting practice underthe name of josh consulting inc. on july 1 2008 he

  How the two income statement formats would look side by side

Using the following company data, show how the two income statement formats would look side by side

  Prepare a bank reconciliation at november

Prepare a bank reconciliation (to the correct balance) at November 30, for Haselhof Inc. from the information above

  What are the equivalent production units for materials

What are the equivalent production units for materials, labor, and factory overhead, respectively, in the ending Work in Process

  Discuss use information in planning and decision making

What do these results tell you? How will you use this information in planning and decision making

  Deferred tax asset and deferred tax liability situation

Determine the corporations deferred tax asset and deferred tax liability situation, and then complete the income statement and balance

  Prepare the income statement using absorption costing

Sivan Co. manufactures and sells one product. Prepare the Income Statement using Absorption Costing and Variable Costing

  Product-cost cross-subsidization basics

Product-cost cross-subsidization is more likely to occur when:

  Discuss the current account and its components

Discuss the current account and its components and the capital and financial accounts and their components.

  How many total bats and balls does company need to produce

Softball Company produces two types of equipment bats and balls. How many total bats and balls does the company need to produce and sell in order to break even?

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