Loose Leaf for Auditing & Assurance Services
7th Edition
ISBN: 9781260152166
Author: Timothy J Louwers, Allen Blay, David Sinason Associate Professor, Jerry R Strawser, Jay C. Thibodeau Associate Professor
Publisher: McGraw-Hill Education
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Question
Chapter G, Problem 64EP
a.
To determine
Identify whether Person C can use non-statistical sampling in the examination of Company V
b.
To determine
State the advantages of using statistical sampling in the audit
c.
To determine
Identify the risks related with sampling, and state the type of losses exposed to Person C.
d.
To determine
State the manner in which Person C establishes the appropriate level of the risk of incorrect acceptance.
e.
To determine
State whether Person C is permitted to specify the certain items examined, or whether all items must be randomly selected.
f.
To determine
State the manner in which Person C can increase the likelihood that the items in the sample are representative of the population.
g.
To determine
State whether any other factors are important for Person C to consider with respect to the misstatements.
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Chapter G Solutions
Loose Leaf for Auditing & Assurance Services
Ch. G - Prob. 1RCCh. G - Prob. 2RCCh. G - Prob. 3RCCh. G - Prob. 4RCCh. G - Prob. 5RCCh. G - Prob. 6RCCh. G - Prob. 7RCCh. G - Prob. 8RCCh. G - Prob. 9RCCh. G - Prob. 10RC
Ch. G - Prob. 11RCCh. G - Prob. 12RCCh. G - Prob. 13RCCh. G - Prob. 14RCCh. G - Prob. 15RCCh. G - Prob. 16RCCh. G - Prob. 17RCCh. G - Prob. 18RCCh. G - Prob. 19RCCh. G - Prob. 20RCCh. G - Prob. 21RCCh. G - Prob. 22RCCh. G - Prob. 23MCQCh. G - Prob. 24MCQCh. G - Prob. 25MCQCh. G - Prob. 26MCQCh. G - Prob. 27MCQCh. G - Prob. 28MCQCh. G - Prob. 29MCQCh. G - Prob. 30MCQCh. G - Prob. 31MCQCh. G - Prob. 32MCQCh. G - Prob. 33MCQCh. G - If the _______ is less than the _______, the audit...Ch. G - Prob. 35MCQCh. G - Prob. 36MCQCh. G - Prob. 37MCQCh. G - Prob. 38MCQCh. G - Prob. 39MCQCh. G - Prob. 40MCQCh. G - Prob. 41MCQCh. G - Prob. 42MCQCh. G - Prob. 43MCQCh. G - Prob. 44EPCh. G - Prob. 45EPCh. G - Prob. 46EPCh. G - Prob. 47EPCh. G - Prob. 48EPCh. G - Prob. 49EPCh. G - Prob. 50EPCh. G - Prob. 51EPCh. G - Prob. 52EPCh. G - Prob. 53EPCh. G - Prob. 54EPCh. G - Prob. 55EPCh. G - Prob. 56EPCh. G - Prob. 57EPCh. G - Prob. 58EPCh. G - Prob. 59EPCh. G - Prob. 60EPCh. G - Prob. 61EPCh. G - Prob. 62EPCh. G - Prob. 63EPCh. G - Prob. 64EPCh. G - Prob. 66EPCh. G - Prob. 69EPCh. G - Prob. 70EPCh. G - Prob. 71EPCh. G - Prob. 72EPCh. G - Prob. 73EPCh. G - Prob. 74EPCh. G - Prob. 75EPCh. G - Prob. 76EPCh. G - Prob. 77EP
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Similar questions
- Company inventory would be carriedarrow_forwardTutor need your helparrow_forwardour firm has been the auditor of Caribild Products, a listed company, for a number of years. The engagement partner has asked you to describe the matters you would consider when planning the audit for the year ended 31January 2022. During recent visit to the company you obtained the following information: (a) The management accounts for the 10 months to 30 November 2021 show a revenue of $260 million and profit before tax of $8 million. Assume sales and profits accrue evenly throughout the year. In the year ended 31 January 2021 Caribild Products had sales of $220 million and profit before tax of $16 million. (b) The company installed a new computerised inventory control system which has operated from 1 June 2021. As the inventory control system records inventory movements and current inventory quantities, the company is proposing: (i) To use the inventory quantities on the computer to value the inventory at the year-end (ii) Not to carry out an inventory count at the year-end (c) You…arrow_forward
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