Random error resulting from manual processing, Accounting Basics

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Random error resulting from manual processing

1. What's the difference between random error resulting from manual processing and systematic error resulting from IT processing?

2. How might the senior audit manager or partner on a particular engagement determine how much cost is acceptable to incur in order to test a particular area? Can you think of any lower cost alternatives?

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Accounting Basics: Random error resulting from manual processing

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Random error resulting from manual processing

Reference No:- TGS050508

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Companies needed to prepare a statement of cash flows

Q : Determine the depreciation expense

Q : What value should be assigned to the ending inventory

Q : Exchange lacked commercial substance

Q : Random error resulting from manual processing

Q : How much cost is acceptable to incur in order to test

Q : Compute the tax consequences to both parties

Q : What is the aftertax cash flow

Q : Ownership in his solely owned apartment

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Random error resulting from manual processing

Reference No:- TGS050508

Recent Questions Asked Accounting Basics

Q : Companies needed to prepare a statement of cash flows

Q : Determine the depreciation expense

Q : What value should be assigned to the ending inventory

Q : Exchange lacked commercial substance

Q : Random error resulting from manual processing

Q : How much cost is acceptable to incur in order to test

Q : Compute the tax consequences to both parties

Q : What is the aftertax cash flow

Q : Ownership in his solely owned apartment

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