Auditing and Assurance ServicesThis text provides up-to-date information on all issues inherent in accounting and auditing practice, particularly in public accounting firms including coverage of the creation of the Public Companies Accounting Oversight Board, the passage of the Sarbanes-Oxley Act and more. |
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Page 700
... rejection because a . The incorrect rejection decision impairs the efficiency of the audit . b . C. d . Auditors will do additional work and discover the error of the incorrect decision . The incorrect acceptance decision impairs the ...
... rejection because a . The incorrect rejection decision impairs the efficiency of the audit . b . C. d . Auditors will do additional work and discover the error of the incorrect decision . The incorrect acceptance decision impairs the ...
Page 705
... incorrect acceptance . In general , what relationship do you observe between the risk of incorrect acceptance and the upper error limit ? a . b . C. 5 1 percent percent 10 percent G.58 SIMULATION : Probability Proportional to Size ( PPS ) ...
... incorrect acceptance . In general , what relationship do you observe between the risk of incorrect acceptance and the upper error limit ? a . b . C. 5 1 percent percent 10 percent G.58 SIMULATION : Probability Proportional to Size ( PPS ) ...
Page 707
... incorrect acceptance of ( 1 ) 1 percent and ( 2 ) 10 percent , calculate the pre- cision and the precision interval for Leonard's inventory . Based on your answers to ( b ) and ( d ) above , how does the risk of incorrect acceptance af ...
... incorrect acceptance of ( 1 ) 1 percent and ( 2 ) 10 percent , calculate the pre- cision and the precision interval for Leonard's inventory . Based on your answers to ( b ) and ( d ) above , how does the risk of incorrect acceptance af ...
Contents
User Demand for Reliable Information 2 Management versus Auditor Responsibility for Internal | 19 |
Performing the Financial Audit | 29 |
Attestation and Assurance Standards | 45 |
Copyright | |
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Common terms and phrases
accepted accounting principles accepted auditing standards account balance accounts receivable AICPA adapted amount analytical procedures application assessing control risk assets assurance services attribute sampling audit documentation audit evidence audit procedures audit program audit report audit risk AUDITING INSIGHT balance sheet bank cash receipts Certified Fraud Examiners checks company's confirmation control procedures cost customers cycle December 31 detection risk determine disclosure employees estimate evaluation example Exhibit expense Fraud Examiners GAAP identify incorrect acceptance independent internal auditors internal control inventory investment LEARNING OBJECTIVE liability loan material misstatement obtain operations opinion payroll percent perform personnel planning population PPS sampling processing production professional purchase recorded responsibility revenue Review Checkpoints risk of assessing risk of incorrect risk too low sales invoices sampling risk Sarbanes-Oxley Act securities selection substantive procedures tests of controls tolerable deviation rate valuation variables sampling year-end