ACCTG456 Lecture : Chapter 6 In Class Questions.pdf
8 Apr 2014
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Document Summary
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 systematic selection, determine which four months will be selected. Using haphazard selection, determine which four months will be selected. Using block selection, determine which four months will be selected. In class #6. 2 - sampling methods and risk & projecting errors. Fabrication holdings ltd. (fh) has been a client of kfp partners for many years. You are an audit senior and have been assigned to the fh audit for the first time for the fiscal year ended. You are completing the audit planning for the property, plant, and equipment (ppe) account class, which is one of fh"s most material balances.
