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 58 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
Thanks for the timely response, appreciate it

alvinum

  • Member
  • Posts: 317
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Oxytocin is recommended only for pregnancies that have a medical reason for inducing labor (such as eclampsia) and is not recommended for elective procedures or for making the birthing process more convenient.

Did you know?

This year, an estimated 1.4 million Americans will have a new or recurrent heart attack.

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?

About 60% of newborn infants in the United States are jaundiced; that is, they look yellow. Kernicterus is a form of brain damage caused by excessive jaundice. When babies begin to be affected by excessive jaundice and begin to have brain damage, they become excessively lethargic.

Did you know?

Drying your hands with a paper towel will reduce the bacterial count on your hands by 45–60%.

Bones change radically in size and shape from newborn to adult, as these cervical vertebrae demonstr Bones change radically in size and shape from newborn to adult, as these cervical vertebrae demonstr
Roller lifter from a GM Duramax 6.6 liter V-8 diesel engine. Notice the size of this lifter compared ... Roller lifter from a GM Duramax 6.6 liter V-8 diesel engine. Notice the size of this lifter compared ...
Sample prescriptions of drugs for oral fungal infections. Sample prescriptions of drugs for oral fungal infections.
Sample client goals from the Wellness Massage Pyramid. Sample client goals from the Wellness Massage Pyramid.
Evolution and Natural selection shapes organisms and diversity Evolution and Natural selection shapes organisms and diversity
Video: Lipid catabolism ( ketogenesis and oxidation of glycerol) and Lipid anabolism (lipogenesis)

For a complete list of videos, visit our video library