ACCTG456 Lecture Notes - Stra
8 Apr 2014
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In class #6. 1 - sample selection in practice. Rahim, a first-year auditor, is asked to select a sample of invoices to audit the utility expense account. The audit program asks to select a sample of four items. Using a random number generator in excel, determine which months will be selected. Using a random number generator in excel or on your calculator, any number between 1-12 may be selected. For example, if the random number generator produces the following items 5, 12, 6, and 4 then may, december, june, and april will be tested. Using systematic selection, determine which four months will be selected. Systematic selection 12 months 4 months required in sample = 3. Assuming the sample started at month number 1 (january), the systematic sample months selected would be january, march, june, september, december. Using haphazard selection, determine which four months will be selected. Using block selection, determine which four months will be selected.
