The Summary of the Results from Confirming Accounts Receivable Contained

question 43

Multiple Choice

The summary of the results from confirming accounts receivable contained in the auditor's working papers would not normally provide statistical data on the:

• A) market value of the confirmation sample.
• B) number of confirmations sent and responses received.
• C) proportion of the population total covered by the sample.
• D) relationship between the audited and book values of items included in the sample.

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Definitions:

Statistics

The science of collecting, analyzing, interpreting, and presenting data.

Data Collection

The process of gathering and measuring information on variables of interest in a systematic fashion.

Random Assignment

A method used in experiments to assign subjects randomly to either the treatment or control group to eliminate bias.

Independent Variable

The factor in an experiment that is deliberately changed or manipulated to observe its effect on a dependent variable.