User Account

All Pages

What is the allowance for sampling risk

Assignment Help Accounting Basics
Reference no: EM131625761

Question: If the audit team examines a sample of 100 items, finds six deviations, and calculates an upper limit rate of deviation of 10.3 percent, what is the allowance for sampling risk?

Reference no: EM131625761

Questions Cloud

Solve the problem related to an auidt manager : Baily Cox, an audit manager, judged that the test of controls of the company's 50,000 purchase transactions should be based on a tolerable rate of deviation.
On firm fixed-price contracts : On firm fixed-price contracts. list and categorize three risks. Was the response plan for those projects adequate to mitigate these risks?
About the negotiation process : What are some cognitive biases, and what can we do to manage them in the negotiation process?
Define how would you publicly define yourself : How would you publicly define yourself, Do you define yourself by your role in life, by your hobbies, by your personality
What is the allowance for sampling risk : If the audit team examines a sample of 100 items, finds six deviations, and calculates an upper limit rate of deviation of 10.3 percent.
Concern for health administrators today : When you hear the term taxation, you might assume it is a concern for accountants, but it is also a concern for health administrators today.
Shipping costs-capacity constraints are for whole parts : Suppose a CWTR supplier is shipping a component part from two plants. All shipping costs, demand and capacity constraints are for whole parts.
Budgeting process and capital investment decisions : "The Budgeting Process and Capital Investment Decisions" Please respond to the following:
Relationship between sample size and sampling risk : What is the relationship between sample size and expected population deviation rate?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Discuss the potential risks of adopting lean production

Discuss the potential risks of adopting lean production. Does its application depend on company culture and business condition?

  The three types of storage units and believes

Sealing's marketing director has assessed demand for the three types of storage units and believes that the firm can sell as many units as it can produce.

  In moore companys flexible budget graph the fixed cost line

in moore companys flexible budget graph the fixed cost line and the total budgeted cost line intersect the vertical

  For january february and march prepare a schedule of

juans taco company has restaurants in five collegetowns. juan wants to expand into austin and college stationand needs

  Define quantities of various classes of merchandise on hand

Which of the three methods of inventory costing-fifo, lifo, or average cost-will in general yield an inventory cost most nearly approximating current.

  The following questions dealing with property

Legal fees of obtaining the patent, incidental costs of obtaining the patent, and costs of successful patent infringement suits.

  Prepare the journal entry to record the redemption

Lemay decides to redeem these bonds at 101 after paying semiannual interest. Prepare the journal entry to record the redemption on July 1, 2008. (List multiple debit/credit entries in descending order of amount.)

  How might the information contained within the stockholder

how might the information contained within the stockholder eqity statement be used for management and investors

  Problem related to external and internal audit

Auditing is a very broad topic that covers all aspects of an organization. An audit not only examines the accuracy of financial statements but also examines the effectiveness of internal controls as well as the efficiency of overall operations of ..

  In return on investment calculations we should measure

in return on investment calculations we should measure invested capital becasue.at the beginning of the period it is a

  Identify which of the cardinal relationships apply

Identify which of the cardinal relationships apply, from the following Component part product Customer  product

  What is the specific citation that describes the information

What is the specific citation that describes the information that companies must disclose about the exercise prices for their stock option plans?

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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