Multiple Choice
In which of the following circumstances must an auditor decide how best to select a sample that is representative of the entire population of items?
A) There are numerous transactions or items within an account balance.
B) An audit population is sufficiently small.
C) A client has a large balance of notes payable and the notes payable are with several banks.
D) There are few transactions or few items within an account balance.
Correct Answer:
Verified
Correct Answer:
Verified
Q29: Whenever the auditor draws a conclusion about
Q30: When sampling, the risk always exists _.<br>A)that
Q31: _ is generally easier to use than
Q32: The major advantages of non-statistical sampling include
Q33: A representative audit sample _.<br>A)is likely to
Q35: _ is an approach to sampling that
Q36: The auditor's conclusion based on the sample
Q37: It is common to use audit sampling
Q38: The auditor is more likely to use
Q39: An important aspect of selecting a sample