Multiple Choice
One of the purposes of using statistical sampling is to quantify sampling risk.For which of the following audit tests would sampling risk be zero?
A) The auditor used monetary unit sampling to select a sample of payroll payments.
B) The auditor used attribute sampling to select a sample of shipping documents.
C) The auditor sent empty (zero balance) external confirmations to suppliers with large dollar balances.
D) The auditor sent external confirmations to all financial institutions used by the client.
Correct Answer:

Verified
Correct Answer:
Verified
Q26: The auditor has completed her testing of
Q27: Which of the following best describes what
Q28: A)Discuss what is meant by "sampling risk."
Q29: Attribute sampling would be an appropriate method
Q30: The auditing standards indicate that<br>A)it is preferable
Q32: When systematic sample selection is used,the first
Q33: What is the difference between probabilistic and
Q34: The acceptable risk of incorrect acceptance (ARIA)has
Q35: An auditor used sampling that has the
Q36: The auditor has decided to audit all