
a
Introduction:
Non-statistical sampling test of control: The difference between non-statistical and statistical sampling is mainly in the selection of
Under the non-statistical sampling method, the sample size is determined based on personal experience and knowledge of the auditor and guidance in audit firm policy. All the major available sample selection methods and other selection methods can be used for selection of sample.
The suggested sample size of the given set using non-statistical sampling formula.
b
Introduction:
Non-statistical sampling test of control: The difference between non-statistical and statistical sampling is mainly in the selection of sample size and calculating the upper deviation rate.
Under this method, the sample size is determined based on personal experience and knowledge of the auditor and guidance in audit firm policy. All the major available sample selection methods and other selection methods can be used for selection of sample.
The total projected misstatement using ratio projection, and conclusion that G would make concerning the accounts receivable balance.

Want to see the full answer?
Check out a sample textbook solution
Chapter 9 Solutions
EBK AUDITING & ASSURANCE SERVICES: A SY
- The decisions relating to the use of profits or income of an entity or organization are known a.Any of these b.Dividend decisions c.Finance decisions d.Investment Decisionarrow_forwardWhat are the three interrelated areas of finance? (a) Financial markets, option and forwards (b) Banking, financial institutions and swap currency (c) Investment, Financial management and Financial market & Financial institution (d) All of abovearrow_forwardThe method that converts the amount of present cash into an amount of cash of equivalent value in future is: a.Budgeting b.Both a and b c.Discounting method d.Compounding methodarrow_forward
- The government finance which includes the principles and practices relating to the Procurement and management of funds for Central Government, and Local bodies is known as: a.Public Finance b.All of these c.Private Finance d.Business Financearrow_forwardwhat is financial ratios?arrow_forwardWhich of the following is the activity which finance people are involved? (a) Investing decisions (b) Marketing decisions (c) Promotion decisions (d) Non of Abovearrow_forward
- You plan to invest $3,500 per year for 39 years into an IRA. What will the value of the IRA be after 39 years if the interest rate is 9% per year? Your answer may vary due to rounding.arrow_forwardIn finance, we refer to the market where new securities are bought and sold for the first time? (a) Money market (b) Capital market (c) Primary market (d) Secondary marketarrow_forward1: ________ is shown on a multiple-step but not on a single-step income statement. A. Credited to Inventory B. A customer utilizes a prompt payment incentive. C. Debited to the Inventory account D. Gross profitarrow_forward
- what is corporate finance? explain it.arrow_forwardA lorenz curve graphs the _________________ received by everyone up to a certain quintile. A. Unequal distribution over time B. Normative shares of income C. Cumulative shares of income D. Total share of incomearrow_forwardNeedhdjxjx ususs shsharrow_forward
- Auditing: A Risk Based-Approach (MindTap Course L...AccountingISBN:9781337619455Author:Karla M Johnstone, Audrey A. Gramling, Larry E. RittenbergPublisher:Cengage Learning
