In which of the following cases would the auditor determine that statistical sampling should not be performed?
A. Tolerable deviation is small and expected population deviation is low.
B. Tolerable deviation is small and expected population deviation is high.
C. Tolerable deviation is large and expected population deviation is high.
D. Tolerable deviation is large and expected population deviation is low.
Answer: B
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a. Violations of GAAP. b. Scope limitations. c. Going concern. d. Lack of independence. e. Either A and B.
Law actually refers to the duties imposed upon people requiring them to act in a certain manner
Indicate whether the statement is true or false
An interior decorator buys furniture at the "dealer price," but he charges his clients the "retail price" instead of charging a commission. A client pays $3,00 . for furniture that had a "dealer price" of $2,500 . To charge the client the same dollar amount, but calculating it as a commission, what commission rate would the decorator have to use?
Assume a project is non-scale enhancing. Describe the basic steps required to determine the net present value of the project.
What will be an ideal response?