Multiple Choice
In _______ the auditor estimates the audited value of the population (or each strata) based on a ratio of the audited value of the sample divided by the book value of the sample.
A) ratio method
B) difference method
C) statistical method
D) populate method
Correct Answer:
Verified
Correct Answer:
Verified
Q49: High levels of assurance mean _.<br>A)lower levels
Q50: The choice of using audit sampling vs.audit
Q51: Sometimes an audit population may be sufficiently
Q52: Probability proportionate to size sampling _.<br>A)should only
Q53: The ultimate purpose of a substantive test
Q55: At the outset of substantive testing, the
Q56: The population consists of _.<br>A)all accounts in
Q57: Risk of incorrect rejection is defined as
Q58: Audit sampling is when _.<br>A)the auditor selects
Q59: When performing a substantive test, _.<br>A)the population