Multiple Choice
Which one of the following issues need not be addressed when planning an audit sample to test control procedures?
A) Audit objective of the test.
B) Minimum failure rate.
C) Expected population deviation rate.
D) Auditor's allowable risk of assessing control risk too low.
Correct Answer:
Verified
Correct Answer:
Verified
Q2: The individual auditable elements defined by the
Q3: The most common statistical approaches for substantive
Q4: The population for MUS is defined as
Q5: Which of the following describes sampling risk?<br>A)The
Q6: Random sampling can be used even if
Q7: By using data analytics tools,the auditor can
Q8: Audit sampling implies the gathering of evidence
Q9: Population items with zero balances have no
Q10: Monetary unit sampling (MUS)is designed to test
Q11: Risks of sampling in tests of controls<br>Define