Choosing sampling methods Identify the factors that an auditor would consider when choosing between non-statistical sampling and statistical sampling
When choosing between statistical and non-statistical sampling the auditor would consider:
? Whether the audit staff is adequately trained to properly use statistical sampling.
? Whether the added costs of designing, selecting, and evaluating a statistical sample are justifiable in the circumstances.
? Whether the auditor wants an objective measure of the risk of drawing a wrong conclusion based on the sample.
? Whether the population lends itself to a random-based selection method.
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____________________ is the principle that states that a business should use the same accounting methods from period to period. This improves the comparability of the financial statements over time
Fill in the blank(s) with correct word
When you're designing an electronic slide deck for a business presentation, let ________ and ________ guide your efforts
A) simplicity; authenticity B) convenience; personal preferences C) PowerPoint; structure D) functionality; time constraints E) one-way communication; free-form capability
A ________ selection device indicates that the device measures the same thing consistently.
A. subjective B. potent C. reliable D. valid
Which of the following sales positions is most likely to have fixed compensation?
A) an FMCG salesperson selling to supermarkets B) a salesperson who handles the industrial customers C) an insurance agent who works part time D) a service representative in charge of handling incoming customer queries E) a telemarketer calling up existing customers to bring in additional sales