Multiple Choice
One of the ways to reduce sampling risk is to:
A) provide proper supervision and instruction of the audit team.
B) carefully design the audit procedures to be used.
C) use variables sampling rather than attributes sampling.
D) use an appropriate method of selecting sample items from the population.
Correct Answer:

Verified
Correct Answer:
Verified
Q5: Assessed control risk and acceptable risk of
Q6: Discuss what is meant by 'representative sample'.
Q7: Monetary-unit sampling selects individual dollars as the
Q8: A statistical method used to estimate the
Q9: While performing a substantive test of details
Q11: Which one of the following statements regarding
Q12: When using monetary-unit sampling, the recorded dollar
Q13: Acceptable risk of assessing control risk too
Q14: Describe the differences between statistical and non-statistical
Q15: An increase in the sample size has