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Elementary,Middle School,High School,College,University,PHD
| Teaching Since: | May 2017 |
| Last Sign in: | 398 Weeks Ago, 3 Days Ago |
| Questions Answered: | 66690 |
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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
To assess how extensively accounting firms in New York State use sampling methods in auditing their clients, the New York Society of CPAs mailed a questionnaire to 800 New York accounting firms employing two or more professionals. They received responses from 179 firms of which four responses were unusable and 12 reported they had no audit practice. The questionnaire asked firms whether they use audit sampling methods and, if so, whether or not they use random sampling (CPA Journal, July 1995).
a. Identify the population, the variables, the sample, and the inferences of interest to the New York Society of CPAs.
b. Speculate as to what could have made four of the responses unusable.
c. In Chapters 6-9 you will learn that the reliability of an inference is related to the size of the sample used. In addition to sample size, what factors might affect the reliability of the inferences drawn in the mail survey described above?
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