Multiple Choice
Which of the following statements is most correct?
A) A sample of all items of a population will eliminate sampling risk, but increase nonsampling risk.
B) The use of an appropriate sample selection technique ensures a representative sample.
C) The auditor's failure to recognize an exception is a significant cause of sampling risk.
D) The use of inappropriate audit procedures is a significant cause of nonsampling risk.
Correct Answer:
Verified
Correct Answer:
Verified
Q119: The exception rate the auditor will permit
Q120: For which of the following audit procedures
Q121: A danger in setting the acceptable risk
Q122: Which of the following statements is most
Q123: An auditor might conclude that the computed
Q125: When using statistical sampling, the auditor would
Q126: Acceptable risk of overreliance is normally lower
Q127: Deviation refers to a departure from prescribed
Q128: As the auditor performs statistical procedures and
Q129: Which of the following statements is most