Auditing and Assurance Services, Student Value Edition (16th Edition)
16th Edition
ISBN: 9780134075754
Author: Alvin A. Arens, Randal J. Elder, Mark S. Beasley, Chris E. Hogan
Publisher: PEARSON
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Chapter 15, Problem 7RQ
To determine
Explain the systematic sample selection and its advantages and disadvantages along with the method used by an auditor to select 40 numbers from a population of 2,800 items..
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Students have asked these similar questions
When the auditor goes through a population and selects items for the sample without regard to their size, source, or other distinguishing characteristics, it is called
Block selection\
Haphazard selection
Random selection
Systematic selection
Suppose you're given a data set that classifies each sample unit into one of four categories: A, B, C,
the data as A = 1, B=2, C = 3, and D=4. Are the data consisting of the classifications A, B, C, and D
or quantitative?
Are the data consisting of the classifications A, B, C, and D qualitiative or quantitative?
OA. Qualitative, because they are measured on a naturally occuring numerical scale.
B. Quantitative, because they are measured on a naturally occuring numerical scale.
C. Quantitative, because they can only be classified into categories.
D. Qualitative, because they can only be classified into categories.
***
After the data are input as 1, 2, 3, or 4, are they qualitative or quantitative?
OA. Qualitative, because they cannot be meaningfully added, subtracted, multiplied, or divided.
B. Qualitative, because they are measured on a naturally occurring numerical scale.
OC. Quantitative, because they are measured on a naturally occurring numerical scale.
OD. Quantitative, because…
In which step of a sampling plan is nonstatistical sampling different from statistical sampling?a. Define the characteristic of interest.b. Define the population.c. Measure the sample items.d. Evaluate the sample results
Chapter 15 Solutions
Auditing and Assurance Services, Student Value Edition (16th Edition)
Ch. 15 - Prob. 1RQCh. 15 - Prob. 2RQCh. 15 - Prob. 3RQCh. 15 - Prob. 4RQCh. 15 - Prob. 5RQCh. 15 - Prob. 6RQCh. 15 - Prob. 7RQCh. 15 - Prob. 8RQCh. 15 - Prob. 9RQCh. 15 - Prob. 10RQ
Ch. 15 - Prob. 11RQCh. 15 - Prob. 12RQCh. 15 - Prob. 13RQCh. 15 - Distinguish between the TER and the CUER. How is...Ch. 15 - Prob. 15RQCh. 15 - Prob. 16RQCh. 15 - Prob. 17RQCh. 15 - Prob. 18RQCh. 15 - Prob. 19RQCh. 15 - Prob. 20RQCh. 15 - Prob. 21RQCh. 15 - Prob. 22.1MCQCh. 15 - Prob. 22.2MCQCh. 15 - Prob. 22.3MCQCh. 15 - Prob. 23.1MCQCh. 15 - Prob. 23.2MCQCh. 15 - Prob. 23.3MCQCh. 15 - Prob. 24.1MCQCh. 15 - Prob. 24.2MCQCh. 15 - Prob. 24.3MCQCh. 15 - Prob. 25.1MCQCh. 15 - Prob. 25.2MCQCh. 15 - Prob. 25.3MCQCh. 15 - Prob. 27DQPCh. 15 - Lenter Supply Company is a medium-sized...Ch. 15 - Prob. 29DQPCh. 15 - Prob. 30DQPCh. 15 - Prob. 31DQPCh. 15 - Prob. 32DQPCh. 15 - Prob. 33DQPCh. 15 - Prob. 34DQPCh. 15 - Prob. 35DQPCh. 15 - Prob. 36CCh. 15 - Prob. 37ICA
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Similar questions
- Consider a sample with data values of 10, 20, 12, 17, and 16. a. Compute the mean and median. b. Consider a sample with data values 10, 20, 12, 17, 16, and 12. How would you expect the mean and median for these sample data to compare to the mean and median for part a (higher, lower, or the same)? Compute the mean and median for the sample data 10, 20, 12, 17, 16, and 12.arrow_forward1. Which of the following would be designed to estimate a numerical measurement of a population, such as monetary value?* A. Sampling for variables B. Sampling for attributes C. Sequential sampling D. Discovery sampling E. None of themarrow_forwardWhich of the following pairs of selection methods could appropriately be used in statistical sampling applications?a. Unrestricted random selection, block selection.b. Block selection, haphazard selection.c. Systematic random selection, haphazard selection.d. Unrestricted random selection, systematic random selection.arrow_forward
- Generalizing research findings from a sample to the population is most likely justified when the null hypothesis is confirmed, regardless of the sampling procedures used. a large random sample is used. a small systematic sample is used. cluster sampling is used in a large, heterogeneous population.arrow_forwardThe more assurance the auditor wants, _______. A. the less representative a sample should be of the population, and the more testing the auditor needs to do B. the more representative a sample should be of the population, but the less testing the auditor needs to do to gain efficiency C. the more representative a sample should be of the population, and the more testing the auditor needs to do D. the less representative a sample should be of the population, and the less testing the auditor needs to doarrow_forwardWhich of the following statements is correct about monetary unit sampling?a. The risk of incorrect acceptance must be specified.b. Smaller logical units have a higher probability of selection in the sample than larger units.c. Each logical unit in the population has an equally likely chance of being selected in the sample.d. The projected misstatement cannot be calculated when one or more misstatements are discovered.arrow_forward
- State the relationship between the following:a. ARO and sample sizeb. Population size and sample sizec. TER and sample sized. EPER and sample sizearrow_forwardDifference estimation is a classical variables sampling technique that projects the sample average to the total population by multiplying the sample average by the number of items in the population. True Falsearrow_forwardWhat factors affect sample size?arrow_forward
- An advantage of statistical sampling over nonstatistical sampling methods is that statistical methodsa. Afford more assurance than a nonstatistical sample of equal size.b. Provide an objective basis for quantitatively evaluating sampling risk.c. Can more easily convert the sample into a dual-purpose test useful for substantive procedures.d. Eliminate the need to use judgment in determining appropriate sample sizesarrow_forwardS1: Mean per unit estimation is a classical variable sampling technique that projects the sample average to the total population by multiplying the sample average by the number of items in the population. S2: The more the auditor is relying on other substantive procedures to reduce to an acceptable level the detection risk regarding a particular population, the less assurance the auditor will require from sampling, and the smaller the sample size can be. a. BOTH STATEMENTS ARE TRUE b. BOTH STATEMENTS ARE FALSE c. ONLY S1 IS TRUE d. ONLY S2 IS TRUEarrow_forwardHow does Block Sampling compare to other sampling methods?arrow_forward
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