Question 1

Which of the following does not affect the sample size in an attributes sampling application?

Accepted Answer

A)  Expected population deviation rate. 
B)  Upper limit rate of deviation. 
C)  Sampling risk. 
D)  Tolerable rate of deviation. 
A)  Expected population deviation rate. 
B)  Upper limit rate of deviation. 
C)  Sampling risk. 
D)  Tolerable rate of deviation.

Question 2

An advantage of statistical sampling over nonstatistical sampling is that statistical sampling helps an auditor to

Accepted Answer

A)  Eliminate the risk of nonsampling error. 
B)  Reduce the level of audit risk and overall materiality to a relatively low level. 
C)  Measure the sufficiency of the evidence gathered. 
D)  Minimize the failure to detect misstatements and irregularities. 
A)  Eliminate the risk of nonsampling error. 
B)  Reduce the level of audit risk and overall materiality to a relatively low level. 
C)  Measure the sufficiency of the evidence gathered. 
D)  Minimize the failure to detect misstatements and irregularities.

Question 3

__________________ sampling is used to examine a population when the auditor wants to estimate the amount (or value)of some characteristic of that population.

Accepted Answer

The answer of __________________ sampling is used to examine a...

Question 4

The set of items about which a statement is made in a sampling application is referred to as a(n):

Accepted Answer

A)  Sampling unit. 
B)  Sample. 
C)  Population unit. 
D)  Population. 
A)  Sampling unit. 
B)  Sample. 
C)  Population unit. 
D)  Population.

Question 5

If the _______________________________________ exceeds the tolerable rate of deviation,the auditor would choose to reduce the planned level of reliance on internal control.

Accepted Answer

upper limi

Question 6

Nonsampling risk can occur in which of the following types of sampling plans:

Accepted Answer

A)  Statistical sampling, yes; nonstatistical sampling, yes. 
B)  Statistical sampling, yes; nonstatistical sampling, no. 
C)  Statistical sampling, no; nonstatistical sampling, yes. 
D)  Statistical sampling, no; nonstatistical sampling, no. 
A)  Statistical sampling, yes; nonstatistical sampling, yes. 
B)  Statistical sampling, yes; nonstatistical sampling, no. 
C)  Statistical sampling, no; nonstatistical sampling, yes. 
D)  Statistical sampling, no; nonstatistical sampling, no.

Question 7

Which of the following types of sampling applications can appropriately be used under generally accepted auditing standards?

Accepted Answer

A)  Statistical sampling, yes; nonstatistical sampling, yes. 
B)  Statistical sampling, yes; nonstatistical sampling, no. 
C)  Statistical sampling, no; nonstatistical sampling, yes. 
D)  Statistical sampling, no; nonstatistical sampling, no. 
A)  Statistical sampling, yes; nonstatistical sampling, yes. 
B)  Statistical sampling, yes; nonstatistical sampling, no. 
C)  Statistical sampling, no; nonstatistical sampling, yes. 
D)  Statistical sampling, no; nonstatistical sampling, no.

Question 8

A sample selection method in which a series of contiguous items are selected from the population is referred to as

Accepted Answer

A)  Block selection. 
B)  Haphazard selection. 
C)  Systematic random selection. 
D)  Unrestricted random selection. 
A)  Block selection. 
B)  Haphazard selection. 
C)  Systematic random selection. 
D)  Unrestricted random selection.

Question 9

Unrestricted random selection requires the auditor to systematically bypass a number of items in the population between selections.

Accepted Answer

A) True 
 B)False

Question 10

The auditor uses attributes sampling during the study of internal control.

Accepted Answer

A) True 
 B)False

Question 11

Sampling risk typically occurs because of errors in judgment or execution.

Accepted Answer

A) True 
 B)False

Which of the following does not affect the sample size in an attributes sampling application?

An advantage of statistical sampling over nonstatistical sampling is that statistical sampling helps an auditor to

__________________ sampling is used to examine a population when the auditor wants to estimate the amount (or value)of some characteristic of that population.

The set of items about which a statement is made in a sampling application is referred to as a(n):

If the _______________________________________ exceeds the tolerable rate of deviation,the auditor would choose to reduce the planned level of reliance on internal control.

Nonsampling risk can occur in which of the following types of sampling plans:

Which of the following types of sampling applications can appropriately be used under generally accepted auditing standards?

A sample selection method in which a series of contiguous items are selected from the population is referred to as

Unrestricted random selection requires the auditor to systematically bypass a number of items in the population between selections.

The auditor uses attributes sampling during the study of internal control.

Sampling risk typically occurs because of errors in judgment or execution.

Auditing and Assurance Services

Professional Standards

Engagement Planning

Management Fraud and Audit Risk

Risk Assessment: Internal Control Evaluation

Employee Fraud and the Audit of Cash

Revenue and Collection Cycle

Acquisition and Expenditure Cycle

Production Cycle

Finance and Investment Cycle

Completing the Audit

Reports on Audited Financial Statements

Other Public Accounting Services

Professional Ethics

Legal Liability

Internal Governmental and Fraud Audits

Attributes Sampling

Variables Sampling

Auditing in a Computerized Environment

Filters

Exam 17: Overview of Sampling

Which of the following does not affect the sample size in an attributes sampling application?

An advantage of statistical sampling over nonstatistical sampling is that statistical sampling helps an auditor to

__________________ sampling is used to examine a population when the auditor wants to estimate the amount (or value)of some characteristic of that population.

The set of items about which a statement is made in a sampling application is referred to as a(n):

If the _______________________________________ exceeds the tolerable rate of deviation,the auditor would choose to reduce the planned level of reliance on internal control.

Nonsampling risk can occur in which of the following types of sampling plans:

Which of the following types of sampling applications can appropriately be used under generally accepted auditing standards?

A sample selection method in which a series of contiguous items are selected from the population is referred to as

Unrestricted random selection requires the auditor to systematically bypass a number of items in the population between selections.

The auditor uses attributes sampling during the study of internal control.

Sampling risk typically occurs because of errors in judgment or execution.

Auditing and Assurance Services

Professional Standards

Engagement Planning

Management Fraud and Audit Risk

Risk Assessment: Internal Control Evaluation

Employee Fraud and the Audit of Cash

Revenue and Collection Cycle

Acquisition and Expenditure Cycle

Production Cycle

Finance and Investment Cycle

Completing the Audit

Reports on Audited Financial Statements

Other Public Accounting Services

Professional Ethics

Legal Liability

Internal Governmental and Fraud Audits

Attributes Sampling

Variables Sampling

Auditing in a Computerized Environment

Filters