Multiple Choice
Which of the following is most correct when using audit sampling for exception rates?
A) The auditor is concerned with the lowest rate.
B) The auditor is concerned with the highest rate.
C) The auditor is concerned with the average on previous audits.
D) The auditor is not concerned with the exception rate for audits of nonpublic companies.
Correct Answer:
Verified
Correct Answer:
Verified
Q30: A representative sample means the sampled items
Q31: The auditor focuses on the lower limit
Q32: Auditors prefer to use probabilistic sample selection
Q33: Auditors base their statistical inferences on sampling
Q34: When selecting a sample, random numbers may
Q36: One way to evaluate sampling risk when
Q37: When planning the audit sample, the _
Q38: If an auditor does a test in
Q39: When the sample exception rate is greater
Q40: Which of the following methods of sample