This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: When the sample selection is done using probability proportional to size sample selection (PPS), (Read 18 times)

haydenjmcm

  • Full Member
  • ***
  • Posts: 161
on: Aug 21, 2022

Question 1

Using statistical sampling to assist in verifying the year-end accounts payable balance, an auditor has accumulated the following data:

​Number of
accounts		Book
balance		Balance
determined by
the auditor
Population:4,000$5,000,000?
Sample:200$250,000$300,000
Projecting the misstatement to the population, the auditor's estimate of year-end accounts payable balance would be
◦ $5,050,000.
◦ $5,125,000.
◦ $6,000,000.
◦ $6,150,000.

Question 2

When the sample selection is done using probability proportional to size sample selection (PPS),
◦ the actual number of units selected for testing may be more than the computed sample size.
◦ the auditor must use systematic selection, rather than random selection of dollars.
◦ population items with a zero recorded balance have no chance of being selected.
◦ negative balances must be treated as positive balances.
Auditing and Assurance Services ¦ Arens, Elder, Beasley, Hogan ¦ 17th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by haydenjmcm on Aug 21, 2022

annaelena92

  • Full Member
  • ***
  • Posts: 167
Reply #1 on: Aug 21, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 39% of students answer this correctly


haydenjmcm

  • Member
  • Posts: 161
Reply 2 on: Aug 21, 2022
Wow, this really help

emsimon14

  • Member
  • Posts: 344
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

It is believed that humans initially contracted crabs from gorillas about 3 million years ago from either sleeping in gorilla nests or eating the apes.

Did you know?

Automated pill dispensing systems have alarms to alert patients when the correct dosing time has arrived. Most systems work with many varieties of medications, so patients who are taking a variety of drugs can still be in control of their dose regimen.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

Did you know?

The U.S. Pharmacopeia Medication Errors Reporting Program states that approximately 50% of all medication errors involve insulin.

A typical spectrum with peaks representing the peptide fragments generated from a sample A typical spectrum with peaks representing the peptide fragments generated from a sample
Sample Exercise Program for Limited Older Adults (cont.) Sample Exercise Program for Limited Older Adults (cont.)
Self-Esteem in a Longitudinal Sample Self-Esteem in a Longitudinal Sample
Sample prescriptions of drugs for oral fungal infections. Sample prescriptions of drugs for oral fungal infections.
Europe’s Size and Location Europe’s Size and Location
Directional selection Directional selection
Video: Summary of glucose catabolism

For a complete list of videos, visit our video library