EBK AUDITING AND ASSURANCE SERVICES
EBK AUDITING AND ASSURANCE SERVICES
16th Edition
ISBN: 9780134067117
Author: Hogan
Publisher: VST
Question
Book Icon
Chapter 17, Problem 26DQP

a.

To determine

Select a random PPS sample of 10 items, using computer software.

b.

To determine

Select a sample of 10 items using systematic PPS sampling by using starting point of 1857 and find out the physical units associated with the sample dollars.

c.

To determine

Identify the sample items that will be included in the systematic PPS sample irrespective of the starting point and state whether it will also be true of random PPS sampling.

d.

To determine

Identify the method which is preferable in terms of ease of selection in the case.

e.

To determine

State whether an auditor will use MUS.

Blurred answer
Students have asked these similar questions
Assume that you have selected a random sample of 15 checks from a population of 800 checks. The checks you have selected are the following numbers: 664, 789, 650, 136, 365, 538, 800, 657, 110, 136, 398, 645, 214, 544, and 777. Based on this sample, evaluate the truth of the following statements regarding your findings. Describe why you feel each statement is true or false. a. You have determined that Check No. 365 was not properly signed and was paid to a fictitious vendor. You conclude that fraud exists in the population. b. You have determined that no fraud exists in the sample of 15 checks you evaluated. You conclude that no fraud exists in the population.
Compute the mean, median, and mode of the data sample. (If every number of the set is a solution, enter EVERY in the answer box.) 3, 4, 4, 8, −4 mean______ median_______ mode__________
An auditor is going to choose a sample of accounts receivable balances at year end to test and has determined the appropriate sampling interval to be 4 with a random start of the second balance in the list. Presented below are the first 10 accounts in the list (in order). Determine the first 2 account balances (including the random start) that will be sampled and tested using the sampling interval.     Beads Galore $678     Beads N Such $5,125     Island Time Beads $235     Premier Beads $4,020     Regal Beads $567     Seattle Bead Xchange $321     Shipwreck Beads $3,502     The Bead Place $870     The Bead Place Too $450     The Bead Place Too Phoenix $125
Knowledge Booster
Background pattern image
Similar questions
SEE MORE QUESTIONS
Recommended textbooks for you
Text book image
Auditing: A Risk Based-Approach (MindTap Course L...
Accounting
ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Cengage Learning
Text book image
Essentials of Business Analytics (MindTap Course ...
Statistics
ISBN:9781305627734
Author:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson
Publisher:Cengage Learning