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

Author Question: Assume the auditor decides a control is not effective if there is a population exception rate of 3%. ... (Read 13 times)

hjfhdiskkjs

  • Full Member
  • ***
  • Posts: 156
on: Aug 21, 2022

Question 1

Assume an important control is shipping documents being attached to invoices. An effective audit procedure for detecting exceptions to this control would be to examine a sample of shipping documents and determining whether each is attached to a duplicate sales invoice.
◦ true
◦ false

Question 2

Assume the auditor decides a control is not effective if there is a population exception rate of 3%. Assume the auditor accepts this control as effective based on test of control with a sample of 100 items that had 2 exceptions. If the population actually has a 6% exception rate, the auditor correctly accepted the population because the sample was representative of the population.
◦ true
◦ false
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 hjfhdiskkjs on Aug 21, 2022

bainer89

  • Full Member
  • ***
  • Posts: 181
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 25% of students answer this correctly


hjfhdiskkjs

  • Member
  • Posts: 156
Reply 2 on: Aug 21, 2022
YES! Correct, THANKS for helping me on my review

scottmt

  • Member
  • Posts: 322
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Did you know?

According to the National Institute of Environmental Health Sciences, lung disease is the third leading killer in the United States, responsible for one in seven deaths. It is the leading cause of death among infants under the age of one year.

Did you know?

The top five reasons that children stay home from school are as follows: colds, stomach flu (gastroenteritis), ear infection (otitis media), pink eye (conjunctivitis), and sore throat.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates's recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

Nearly 31 million adults in America have a total cholesterol level that is more than 240 mg per dL.

World human population growth through history illustrates an exponential growth pattern. World human population growth through history illustrates an exponential growth pattern.
Hormonal control of the male reproductive hormones Hormonal control of the male reproductive hormones
A symbol used on a Chrysler vehicle indicating a fault with the electronic throttle control. A symbol used on a Chrysler vehicle indicating a fault with the electronic throttle control.
How to convert units of any rate to another (Part 2) How to convert units of any rate to another (Part 2)
Differential metabolic profile from livers of control mice and livers from mice 2 h after treatment ... Differential metabolic profile from livers of control mice and livers from mice 2 h after treatment ...
Control you knife with one hand and hold the item being cut with the other (1 of 3) Control you knife with one hand and hold the item being cut with the other (1 of 3)
Video: Functional zones in a mitochondrion

For a complete list of videos, visit our video library