Exam 8: Audit Sampling: Tests of Internal Controls

Internal control tests are performed to determine if a control that has been identified is working.

Based on the internal control test results

Sometimes the auditor makes decisions about the sample size for a test of controls related to how often the control occurs.

Internal control testing is typically done

To use evidence from a sample to make a decision about the population,it is important to have

Which of the following statements is a correct statement about haphazard sampling?

Both statistical and nonstatistical sampling require professional skepticism to plan the sample,perform the procedures,and evaluate the evidence.

A control deviation occurs when

If the auditor uses a statistical sampling program for the internal control test,

The most important points to understand about gathering evidence based on sampling procedures are:

Internal control testing is required when

Audit risk is

The only possible results from an internal control test are to confirm that

Sampling risk is

The auditor is required to understand statistical sampling theory to calculate sample sizes for tests of controls.

When controls "work"

To evaluate a misstatement found in the substantive test of transactions,the auditors will

The sample size can be determined once the auditor specifies

Auditing sampling is:

Sometimes the auditor makes decisions about sample size for a test of controls related to