This Paper A short summary of this paper 28 Full PDFs related to this paper
Question For which of the following audit procedures would sampling be most appropriate?
Answer
Question Which one of the following is not a decision the auditor makes when using attributes sampling?
Answer
Question Which one of the following is a decision the auditor makes when using attributes sampling?
Answer
Question Which of the following describes sampling risk?
Answer
Question Which of the following occurs when, based on sample results, control risk is assessed excessively high?
Answer
Question Concluding that the book value of inventory is correct when it is materially misstated is an example of which of the following risks?
Answer
Question When performing sampling, the auditor is most concerned with which of the following?
Answer
Question While auditors may use either statistical or nonstatistical sampling, some auditors restrict the use of nonstatistical sampling for what reason?
Answer
Question Which of the following is the level at which the control’s failure to operate would cause the auditor to conclude that the control is not effective and would likely change the auditor’s planned assessment of control risk in performing tests of account balances?
Answer
Question When performing attributes sampling, which of the following varies directly with the sample size?
Answer
Question In analyzing misstatements using sampling techniques, the auditor should analyze the misstatements in what manners?
Answer
Question In testing account balances, haphazard sampling is an acceptable method of sampling provided the auditor believes the sample to be which of the following?
Answer
Question When determining sample size in attributes sampling, which of the following is usually true?
Answer
Question Which of the following is a factor that the auditor should consider when choosing between nonstatistical and statistical sampling?
Answer
Question When confirming receivables in testing for overstatements, assume that there are few or no misstatements expected and the selection will be based on the dollar value of individual items. Which of the following is the auditor most likely to use?
Answer
Question The results of MUS sampling will be unacceptable when the total estimated misstatement exceeds which of the following?
Answer
Question MUS is based on which of following?
Answer
Question MUS is designed to test for which of the following?
Answer
Question When using MUS, an auditor found that the sampling interval should be $15,755. If selecting the sample manually, the auditor should round the sample interval to which of the following amounts?
Answer
Question When planning a test of details using MUS sampling, tolerable misstatement is usually set at what level?
Answer
Question In MUS, what is meant by a sampling interval of 900?
Answer
Question Which one of the following is a proper course of action for the auditor when the total estimated misstatement exceeds the tolerable misstatement?
Answer
Question The auditor will do which of the following when the results of sample testing conclude that there is misstatement in excess of the tolerable misstatement?
Answer
Question In attributes sampling, which of the following does the risk of incorrect acceptance deal with?
Answer
Question In attributes sampling, the risk of incorrect rejection deals with which of the following?
Answer
Question Which of the following is a factor of nonsampling risk?
Answer
Question In selecting a sample for attributes testing, haphazard selection involves which of the following approaches?
Answer
Question In selecting a sample for attributes testing, block sampling involves which of the following approaches?
Answer
Question Which of the following tasks is not performed by data analytics tools?
Answer
Question Which of the following data analytics tools might an auditor use to test the completeness assertion for sales?
Answer
|