Connect Access Card for Principles of Auditing & Other Assurance Services
Connect Access Card for Principles of Auditing & Other Assurance Services
21st Edition
ISBN: 9781260299366
Author: Ray Whittington, Kurt Pany
Publisher: McGraw-Hill Education
Question
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Chapter 9, Problem 34QRA

a.

To determine

Explain the condition when the ratio estimation or difference estimation are favourable.

b.

To determine

Explain the relationship which determines that a specific item should be efficient in a particular situation.

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Students have asked these similar questions
Which of the following statements is correct about monetary unit sampling?a. The risk of incorrect acceptance must be specified.b. Smaller logical units have a higher probability of selection in the sample than larger units.c. Each logical unit in the population has an equally likely chance of being selected in the sample.d. The projected misstatement cannot be calculated when one or more misstatements are discovered.
Difference estimation is a classical variables sampling technique that projects the sample average to the total population by multiplying the sample average by the number of items in the population.     True False
The interpretation of the ULRD in an attributes sampling application isa. The estimated rate of deviation in the population with probability equal to the risk ofoverreliance that the population deviation rate is higher.b. The estimated rate of deviation in the population with probability equal to the risk ofoverreliance that the actual rate of deviation is lower.c. The estimated rate of deviation in the population with certainty that the actual rate ofdeviation is lower.d. The estimated rate of deviation in the population with certainty that the actual rate ofdeviation is higher.
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