Jul 20, 2017 Research papers

Which procedures for collecting accounting evidence have you used in your career?

This paper concentrates on the primary theme of Which procedures for collecting accounting evidence have you used in your career? in which you have to explain and evaluate its intricate aspects in detail. In addition to this, this paper has been reviewed and purchased by most of the students hence; it has been rated 4.8 points on the scale of 5 points. Besides, the price of this paper starts from £ 40. For more details and full access to the paper, please refer to the site.

Discussion Questions: Define variables sampling

INSTRUCTIONS:

Please show each question with response



1. Which procedures for collecting accounting evidence have you used in your career? Explain how one of these procedures was used



2. Which procedures for collecting accounting evidence have you used in your career? Explain how one of these procedures was used



3. Define variables sampling. When is it used in the audit examination?



4. What are the objectives of attributed and variables sampling?



5. What is tolerable misstatement? How do auditors use it when deciding whether account balances are fairly recorded?



6. Describe attributes sampling. When is it used in the audit examination?



7. What factors affect the sample size used in an attributes sampling application? How do these factors affect the sample size?



8. What is sequential sampling? What are the advantages and disadvantages of sequential sampling?

CONTENT:

Discussion Questions Student: Professor: Course title: Date: Discussion Questions Response to question 1 and 2 In my career, the procedures for collecting accounting evidence that I have used are as follows: analytical procedures, observation, inspection of records, confirmations, reperformance, recalculations, client tour, and scanning. Reperformance – this entails doing the accounting or internal control procedure of the client to ensure that the business is actually conforming to its own rules. In essence, with the reperformance procedure, a sample of the computations as well as transfers of information are rechecked. Rechecking of computations comprises testing the mathematical accuracy and rechecking of transfers of information entails determining whether information is recorded consistently in the accounting records (Singleton & Singleton, 2010). Response to question 3 Variables sampling is understood as a sampling situation that deals with variations in some measurement possessed by all members of a given population. Variables sampling is essentially designed to predict the value of a certain variable for a population (Guy & Carmichael, 2009). The variables that are being audited are usually the arithmetic mean or the total population. Variables sampling is used in the audit examination when the auditor estimates the cost of a group on inventory elemen

...

0% Plagiarism Guaranteed & Custom Written, Tailored to your instructions


International House, 12 Constance Street, London, United Kingdom,
E16 2DQ

UK Registered Company # 11483120


100% Pass Guarantee

Order Now

STILL NOT CONVINCED?

We've produced some samples of what you can expect from our Academic Writing Service - these are created by our writers to show you the kind of high-quality work you'll receive. Take a look for yourself!

View Our Samples

corona virus stop
FLAT 25% OFF ON EVERY ORDER.Use "FLAT25" as your promo code during checkout