representative and non-representative testing

Differentiate between representative and non-representative testing. What client actors determine which is most appropriate in planning audit procedures?

Expert Solution

In representative testing the goal is to be able to accurately extrapolate the results to the entire population. In non-representative testing the goal is something else, e.g., looking for fraud in particular population units. Client factors include the size of the population in question, the nature of the account (cash is normally tested 100%), and the quality of the client’s record keeping x the auditor needs to be reasonably confident that the records are complete in order to plan a representative sample.

Raffay answered 2 years ago

statistical representative test and a non-statistical representative test

What is the difference between a statistical representative test and a non-statistical representative test?

Manufacturer's representative argues that the average battery life is 585 hours. For testing were selected 42...

Manufacturer's representative argues that the average battery life is 585 hours. For testing were selected 42 batteries. The average lifetime was 620 hours with standard deviation s = 120 h. A) Find the 95% confidence interval. B) Whether there is reason to believe that the term is overvalued? Find p-value

Justify selection of a non-destructive testing method to be used for inspection of welds on a...

Justify selection of a non-destructive testing method to be used for inspection of welds on a 3m high 2m diameter steel storage tank on a remote worksite.

While non-invasive prenatal testing (NIPT) is increasingly common in the United States, it is not universally...

While non-invasive prenatal testing (NIPT) is increasingly common in the United States, it is not universally supported Make at least one argument for NIPT. Make at least one argument against NIPT. Contrast these arguments and discuss how you feel about NIPT (so long as you engage specifically with the arguments, there is no wrong answer to this question, it’s based on your opinion)

Describe a non-deterministic two-tape TM for testing whetehr the string on the first tape is a...

Describe a non-deterministic two-tape TM for testing whetehr the string on the first tape is a substring of the string in the second a tape. choose your own test cases

The FDA is testing a new non-addictive painkiller. Painkillers are tested using a pain response measuring...

The FDA is testing a new non-addictive painkiller. Painkillers are tested using a pain response measuring system (higher score = more pain felt). Painkillers on the market now have an average rating of 62.24 on the pain response measuring system. This new pain killer is said to be more effective. It was tested on 34 patients and it was found that the study yielded an average rating of 55.34 with a standard deviation of 6.85. Calculate AND INTERPRET a 95%...

Non-invasive prenatal testing (NIPT) is fundamentally based on DNA sequencing the blood of a pregnant person. We...

Non-invasive prenatal testing (NIPT) is fundamentally based on DNA sequencing the blood of a pregnant person. We have had the technical capacity to sequence DNA for decades. Why was NIPT only developed in 2008?

Cola Non-cola Teenagers 50 80 Adults 90 40 Apply the steps in testing a research hypothesis....

Cola Non-cola Teenagers 50 80 Adults 90 40 Apply the steps in testing a research hypothesis. Perform a chi-square test and interpret the results. Determine how to present the results. How might the results obtained from the test affect the advertising strategy? Apply the steps in testing a research hypothesis. Perform a chi-square test and interpret the results. Determine how to present the results. How might the results obtained from the test affect the advertising strategy?

Non - Destructive Testing NDT Quality Management Explain the main differences between first party, second party...

Non - Destructive Testing NDT Quality Management Explain the main differences between first party, second party and third party audits and how these relate to the supplier / customer relationship. Include a diagram/s.

escribe the purpose of the following testing procedures: Component testing Integration testing System testing Acceptance testing...

escribe the purpose of the following testing procedures: Component testing Integration testing System testing Acceptance testing Functional testing Volume testing Load Testing Stress testing Recovery testing Confirmation testing Regression testing Maintenance testing White-box testing Black-box testing

Question