Why do auditors find it necessary to use sampling

Assignment Help Accounting Basics
Reference no: EM13762852

Why do auditors find it necessary to use sampling? What are the risks associated with sampling? How might these risks affect the audit conclusion?

What is the importance of defining the population when performing audit procedures? How would defining the population affect the sample size? How would incorrectly defining the population affect the sampling unit?

How does the auditor evaluate the results of audit procedures? What types of qualitative factors might the audit consider when encountering an error? How might the results affect the audit conclusion?

Reference no: EM13762852

Questions Cloud

Analysis of similar products on the market suggests : A new product is being designed by an engineering team at Golem Security. Several managers and employees from the cost accounting department and the marketing department are also on the team to evaluate the product and determine the cost using a targ..
Difference between the android vs. ios : Both Android and iOS are operating systems developed for a primary purpose to be used for mobile devices. While Android is developed by Google, iOS is developed by Apple.
Entrepreneurship in health care : The various forms of business organization andEntrepreneurship in Health Care.
Calculate the number of new customers : A local dental practice decides to run a Groupon campaign. The campaign offered $350 worth of dental services (such as teeth whitening) for $145. For the total campaign, 255 coupons were sold. Calculate the number of new customers.
Why do auditors find it necessary to use sampling : Why do auditors find it necessary to use sampling? What are the risks associated with sampling? How might these risks affect the audit conclusion?
Write a paper for education and development sectors : write about 500 words paper for one of the following sectors: Health, Education, Trades and Labour, International Business, Development, Tourism, Settlement and Immigration Services and First Nations.
Create an array of boat objects : Create an array of Boat objects. You should populate the array with as many boats as you have customers (since we assume one boat per customer), entering information into all fields of the Boat object.
Strategies for testing internal controls : Briefly describe three strategies for testing internal controls when information technology is used for significant accounting processing.
Polymorphism concepts : Explain polymorphism concepts in java

Reviews

Write a Review

Accounting Basics Questions & Answers

  The backus inc cash account had a balance of 1092 on march

the backus inc. cash account had a balance of 1092 on march 31. this included a bank deposit for 172 that was in

  Langston automotive accessories applies overhead using a

langston automotive accessories applies overhead using a combined rate for fixed and variable oh. the rate is 250

  Adjustment to record bad debts

An aging of a company's accounts receivable indicates that $3,000 is estimated to be uncollectible. If Allowance for Doubtful Accounts has a $1,200 credit balance, the adjustment to record bad debts for the period will require a:

  You have been given a summer job as an intern at utah

you have been given a summer job as an intern at utah aircams a company that manufactures sophisticated spy cameras for

  Problem related to performance evaluation

Rae Corporation has $100,000,000 in invested capital. The income (NOPAT) is $12,000,000. Sales were $240,000,000. The required return is 10%.

  Processing the digital credentials

What function (accounting, finance, or management) should process the digital credentials? In formulating your answer, keep in mind at least the following considerations:

  Austin company uses a job order cost accounting system the

austin company uses a job order cost accounting system. the companys executives estimated that direct labor would be

  Purrfect pets had 6000 of supplies at the end of october

purrfect pets had 6000 of supplies at the end of october. during november the company bought 2000 of supplies. at the

  Question- milner frosted flakes company offers its

question- milner frosted flakes company offers its customers a pottery cereal bowl if they send in 3 box tops from

  What are the great approaches for cash management

What are the great approaches for cash management? If you are the controller who is in charge of managing cash, what methods would you take and why? 200-250 words please.

  Prepare the intangible assets section of the companys

a company entered into a franchise agreement to operate a franchised location beginning on january 1 2014. the terms of

  Considering a new capital investment

Upper Darby Park Department is considering a new capital investment. The following information is available on the investment. The cost of the machine will be $200,000.

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