What does it mean if something is plausible?
What does it mean if something is plausible?
1 : superficially fair, reasonable, or valuable but often specious a plausible pretext. 2 : superficially pleasing or persuasive a swindler … , then a quack, then a smooth, plausible gentleman— R. W. Emerson. 3 : appearing worthy of belief the argument was both powerful and plausible.
What is the difference between plausibility and probability?
Probability refers to concepts of chance and likeliness. A probable future is a future that is more likely than some other future. Plausibility refers to the structure of the argument, where truth-value is based on the convincingness, the credibility, of the discourse describing the future.
What is the difference between possible and probable?
If something is possible, it could happen. Possibility means that there is hope. This is where most things begin. If something is probable, it is likely to happen.
What is a plausible sentence?
(1) She could find no plausible explanation for its disappearance. (2) He did not think it plausible that all the differences could be explained in this way. (3) A more plausible explanation would seem to be that people are fed up with the Conservative government. (4) His story was/sounded perfectly plausible.
What is plausible relationship?
Plausible relationships among data may reasonably be expected to exist and continue in the absence of known conditions to the contrary.
What is a plausible person?
A plausible person appears to be honest and telling the truth, even if they are not: a plausible salesman. SMART Vocabulary: related words and phrases. Believable. believable.
What are the five steps involved in analytical procedure?
Use of substantive analytical procedures
- STEP 1: Develop an independent expectation.
- STEP 2: Define a significant difference (or threshold)
- STEP 3: Compute difference.
- STEP 4: Investigate significant differences and draw conclusions.
What are the 7 analytical methods?
These methods include spectrophotometric (total mass), fluorometric (total mass), kinetic phosphorescence analysis (KPA) (total mass), and gross alpha (total activity) analyses (DOE 2009; Elliston et al.
What are some examples of analytical procedures?
Examples of analytical procedures are as follows:
- Compare the days sales outstanding metric to the amount for prior years.
- Review the current ratio over several reporting periods.
- Compare the ending balances in the compensation expense account for several years.
- Examine a trend line of bad debt expenses.
What is a reasonableness test?
A reasonableness test is an auditing procedure that examines the validity of accounting information. For example, an auditor could compare a reported ending inventory balance to the amount of storage space in a company’s warehouse, to see if the reported amount of inventory could fit in there.
What is the purpose of analytical procedures?
Analytical procedures are used for the following purposes: To assist the auditor in planning the nature, timing, and extent of other auditing procedures. As a substantive test to obtain evidential matter about particular assertions related to account balances or classes of transactions.
What is the difference between analytical procedures and test of details?
Test of details test ending balances in accounts and test transactions when there are few that cause an account to change from one year to the next. Analytical procedures look at relationships between financial and nonfinancial information to test for reasonableness often using selected ratios.
What are auditing techniques?
INTRODUCTION Audit techniques are tools, methods or processes by means of which an auditor collects necessary evidence to support his opinion in respect of the propositions or assertions submitted by the client to him for his examination.
What is a test of one audit?
Auditors often can be more efficient by identifying and testing automated controls. In some circumstances, testing a single operation of an automated control (a “test of one”) may be sufficient to obtain enough evidence that the control is operating effectively.
What is a sad in audit?
One of the more potentially divisive items included in the Auditor’s Report to the Audit Committee is the Summary of Audit Differences (SADs). SADs are a mechanism used by the auditor to quantify differences in an audit. They are not meant to be a commentary on the qualitative aspects of management.
What is sad nominal amount?
Summary of Audit Differences (SAD) Nominal amount – the amount below which misstatements whether individually or accumulated with other misstatements, would not have a material effect on the financial statements.