Multiple Choice
Probability-proportional-to-size (PPS) sampling should not be used when:
A) the number of units in the population is unknown at the start of sampling.
B) the variability of the population is unknown.
C) book values for sampling units are not available.
D) transactions and balances are tested for overstatement.
E) testing plant asset additions.
Correct Answer:
Verified
Correct Answer:
Verified
Q22: Whenever sampling is used in an audit
Q23: Identify the factors in the PPS sample
Q24: The auditor has decided to use PPS
Q25: The<b> normal distribution </b>underlies:<br>A) PPS sampling.<br>B) classical
Q26: Which of the following is not an
Q28: Stating the <b>expansion factor</b> is required in
Q29: The <b>reliability factor</b> is based on the
Q30: In MPU sampling, the auditor should consider
Q31: In PPS sampling plans,<b> basic precision </b>is:<br>A)
Q32: Which of the following is<u> least likely