Which of the following is a factor that the auditor should consider when choosing between non-statistical and statistical sampling?
a. Whether the audit staff is adequately trained to use statistical sampling.
b. Whether the population lends itself to a random-based selection method.
c. Whether the auditor wants a statistical measure of the risk of drawing a wrong conclusion.
d. All of the above.
d
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Concluding that the book value of inventory is correct when it is materially misstated is an example of which of the following risks?
a. Incorrect rejection. b. Incorrect acceptance. c. Insufficient sample size. d. None of the above.
How much is the total period costs for Castillo?
Castillo Corporation, a manufacturer, reports costs for the year as follows:
A) $735,000
B) $510,000
C) $26,000
D) $700,000
Answer the following statements true (T) or false (F)
1. For male speakers, one stereotype of increased pitch variety is femininity. 2. Pauses are perceived the same in all cultures. 3. The focus of articulation is on the production of speech sounds, whereas the focus of pronunciation is on whether the words themselves are said correctly. 4. If you don’t have a neutral dialect, this doesn’t mean your dialect is “bad.”
An adjusting entry will not take the format of which one of the following entries?
a. A debit to an expense account and a credit to an asset account b. A debit to an expense account and a credit to a revenue account c. A debit to an asset account and a credit to a revenue account d. A debit to a liability account and a credit to a revenue account e. An adjusting entry could take the format of any choice a through d.