Exam 8: Audit Sampling: An Overview and Application to Tests of Controls

If auditors conducting attributes sampling found that the entity deviated from a prescribed control in nine of the first 10 items examined, the auditor is most likely to:

(Multiple Choice)

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Question 61

The tolerable deviation rate for a test of controls is generally:

(Multiple Choice)

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Question 62

In addition to evaluating the frequency of deviations in tests of controls, an auditor should also consider certain qualitative aspects of the deviations. The auditor most likely would give broader consideration to the implications of a deviation if it was:

(Multiple Choice)

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Question 63

In nonstatistical sampling for tests of controls, increasing the desired confidence level results in a:

(Multiple Choice)

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Question 64

An advantage of using statistical over nonstatistical sampling methods in tests of controls is that the statistical methods:

(Multiple Choice)

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Question 65

Showing 61 - 65 of 65

If auditors conducting attributes sampling found that the entity deviated from a prescribed control in nine of the first 10 items examined, the auditor is most likely to:

The tolerable deviation rate for a test of controls is generally:

In addition to evaluating the frequency of deviations in tests of controls, an auditor should also consider certain qualitative aspects of the deviations. The auditor most likely would give broader consideration to the implications of a deviation if it was:

In nonstatistical sampling for tests of controls, increasing the desired confidence level results in a:

An advantage of using statistical over nonstatistical sampling methods in tests of controls is that the statistical methods:

An Introduction to Assurance and Financial Statement Auditing

The Financial Statement Auditing Environment

Audit Planning, Types of Audit Tests, and Materiality

Risk Assessment

Evidence and Documentation

Internal Control in a Financial Statement Audit

Auditing Internal Control Over Financial Reporting

Audit Sampling: An Application to Substantive Tests of Account Balances

Auditing the Revenue Process

Auditing the Purchasing Process

Auditing the Human Resource Management Process

Auditing the Inventory Management Process

Auditing the Financinginvesting Process: Prepaid Expenses, Intangible Assets, and Property, Plant, and Equipment

Auditing the Financinginvesting Process: Long-Term Liabilities, Stockholders' Equity, and Income Statement Accounts

Auditing the Financinginvesting Process: Cash and Investments

Completing the Audit Engagement

Reports on Audited Financial Statements

Professional Conduct, Independence, and Quality Control

Legal Liability

Assurance, Attestation, and Internal Auditing Services

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