Statistical sampling is used when an auditor chooses to examine all purchases of equipment exceeding 100000 and to test the remaining items by analytical procedures. In attributes sampling which of the following will not affect the determination of sample size.
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The population has variability.
. Ratings 97 92 89 out of 92 people found this document helpful. Attribute sampling is used to estimate the proportion of a population that possesses a specified characteristic. An interview conducted with city attorneys of a sample of cities in California b.
Attribute sampling is used in which of the following situations. Every nth item being selected after a random start. The most efficient method of testing a large population is.
Indicate which sampling method would most likely be used in each of the following situations. This sampling method allows the auditor to determine the occurrence rate of deviations and its relation to the tolerable rate of deviation. DSelecting all items on a day or week.
Both A and B. In selecting a sample for attribute testing block sampling involves which of the following approaches. School Florida Atlantic University.
A control such as the proper approval and authorization of cash disbursements can be tested for effectiveness using attribute sampling. A multi-stage sampling plan is needed. The auditor uses attribute sampling to test the effectiveness of control.
Question 30 3 out of 3 points In selecting a sample for attribute testing block sampling involves which of the following approaches. Attributes sampling would be an appropriate method to use on which one of the following procedures in an audit program. Attribute sampling is used in which of the following situations.
An arbitrary selection with no conscious bias. The disadvantages of statistical sampling include the additional costs of 1 training auditors in the proper use of sampling techniques and 2 the added complexity of designing and conducting the sampling application. Variable sampling is about checking how much how good or how bad.
The auditor uses attribute sampling to test the effectiveness of control. Which of the following is a method of eliminating non-sampling risk. Testing the reasonableness of account balances.
CAn arbitrary selection with no conscious bias. Attribute sampling is used in audit procedures helping analyze the characteristics of a given population. Ayes-or-no decision is to be made.
Testing rates of deviations of controls. Attribute sampling checks whether an item is defective or not. For which of the following audit tests would an auditor most likely use attribute sampling.
Solutions for Chapter 8 Problem 21MCQ. Scatter diagrams are best described as. In variable sampling data is in the variable form and the result is rated on a continuous scale that measures the degree of conformity.
Attribute sampling should be used when. Selecting all items on a day or week. Review sales transactions for large and unreasonable amounts.
This sampling method allows the auditor to determine the occurrence rate of deviations and its relation to the tolerable rate of deviation. BEvery nth item being selected after a random start. Define the non-statistical sampling method that is most effective and efficient.
Selecting accounts receivable for confirmation of account balances. The tolerable rate of deviation. Observe whether the duties of the accounts receivable clerk are separate from handling cash.
Course Title ACG 4173. CThe use of attributes sampling rather than variables sampling. This sampling method allows the auditor to determine the occurrence rate of deviations and its relation to the tolerable rate of deviation.
This preview shows page 21 - 22 out of 66 pages. Examining invoices in support of the valuation of fixed asset additions. Larger transactions have a higher chance of being selected into the.
The data are measurements in metric units. Attribute sampling is used in which of the following situations. Need to estimate some amount.
Its a yes or no answer. DControls to ensure that the sample drawn is random and representative. A control such as the proper approval and authorization of cash disbursements can be tested for effectiveness using attribute sampling.
Solution for Which of the following statements about attribute sampling is correct. The expected population deviation rate. Making an independent estimate of the amount of a FIFO inventory.
In selecting a sample for attribute testing systematic selection involves which of the following approaches. Determining the estimated number of occurrences of improperly authorized cash disbursements. Testing rates of deviations of controls.
A control such as the proper approval and. AProper supervision and instruction of the clients employees. Attributes sampling would be an appropriate method to use.
In attribute sampling which of the following does the risk of incorrect acceptance deal with. A survey of people entering a carnival in Los Angeles a. Which one of the following is not a typical step used to implement an attribute sampling plan.
A poll of voters regarding a referendum calling for a national railways development program c. Selecting all items on a day or week. The risk of incorrect rejection of book value.
BProper supervision and instruction of the audit team. AEach item in the population having an equal chance of selection. This statistical process helps determine whether internal controls are.
The auditor uses attribute sampling to test the effectiveness of control. Every nth item being selected after a random start.
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