Attributes Sampling Is Used in Which of the Following Situations

Evaluating managements integrity during the client acceptance process. Attribute sampling checks whether an item is defective or not.

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Will be the elements of the sample.

. Making an independent estimate of the amount of a FIFO inventory. Review sales transactions for large and unreasonable amounts. Determining the estimated number of occurrences of improperly authorized cash disbursements.

Testing rates of deviations of controls. In selecting a sample for attribute testing systematic selection involves which of the following approaches. Attributes sampling would be an appropriate method to use.

Making selections from a cash disbursements journal to test liabilities for understatement. A term relevant to sampling for tests of details. R ri r2i etc.

Which of the following is not a type of statistical method that provides results in dollar terms. A type of statistical method that provides results in dollar terms. Which one of the following is not a typical step used to implement an attribute sampling plan.

Question 28 0 out of 3 points Attribute sampling is used in which of the following situations. Attribute sampling is used in which of the following situations. Performing analytical procedures during the planning stages of the audit.

How systematic sampling works. Randomly choose the starting member r of the sample and add the interval to the random number to keep adding members in the sample. Which of the following may be used to reduce the risk of nonsampling errors.

Testing the reasonableness of account balances. Observe whether the duties of the accounts receivable clerk are separate from handling cash. The most efficient method of testing a large population is.

Select the members who fit the criteria which in this case will be 1 in 10 individuals. Testing the reasonableness of account balances. For which of the following audit tests would an auditor most likely use attribute sampling.

This statistical process helps determine whether internal controls are. In which of the following situations is attribute sampling likely to be used. An audit team would be most likely to use attributes sampling in which of the following situations.

Sampling with probability proportional to size. Attribute sampling is used in which of the following situations. Increasing the size of audit samples.

ATesting rates of deviations of controls. Both A and B. Ratings 97 92 89 out of 92 people found this document helpful.

Every nth item being selected after a random start. In situations where there are resource limitations such as the initial stages of research convenience sampling is used. Define the non-statistical sampling method that is most effective and efficient.

When you are sampling ensure you represent the. Examining invoices and canceled checks in support of recorded operating. Attributes sampling would be an appropriate method to use on which one of the following procedures in an audit program.

In each of the following situations indicate whether a fixed F sequential S or discovery D attributes sampling plan is being used_____ 1The audit team has determined the tolerable rate of deviation to be 5 the risk of overreliance to be 10 and the expected population deviation rate to be zero_____ 2Based on the risk of overreliance expected population deviation rate and. The sampling approach most likely to be used is. Attribute sampling is used in audit procedures helping analyze the characteristics of a given population.

Which of the following is. BTesting the reasonableness of account balances. For example startups and NGOs usually conduct convenience sampling at a mall to distribute leaflets of upcoming events or promotion of a cause they do that by standing at the mall entrance and giving out pamphlets randomly.

Examine a sample of. Testing rates of deviations of controls. Acceptable risk of incorrect rejection d b.

Selecting accounts receivable for confirmation of account balances. Attribute sampling is used in which of the following situations. Both A and B.

Attribute sampling is used in which of the following situations. Observe a sample of employees at various cash registers to ensure they log in to the system before they can begin processing transactions and subsequently log out when their shift is over to prevent unauthorized access to the cash registers. Testing rates of deviations of controls.

None as sampling does not seem appropriate in this situation. Sampling with probability proportional to size. Course Title ACG 4173.

School Florida Atlantic University. In each of the following situations select whether attribute A or variables V sampling is used. This preview shows page 21 - 22 out of 66 pages.

Examining invoices in support of the valuation of fixed asset additions. Statistical sampling is used when an auditor chooses to examine all purchases of equipment exceeding 100000 and to test the remaining items by analytical procedures. It is a method of measuring quality that consists of noting the presence or absence of some characteristic attribute in each of the units under consideration.

In attribute sampling data is in the attribute form and the result either conforms or does not conform. Need to estimate some amount.

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