Multiple Choice
Which of the following best illustrates the concept of sampling risk?
A) An auditor may select audit procedures that are not appropriate to achieve the specific objective.
B) A randomly chosen sample may not be representative of the population as a whole on the characteristic of interest.
C) The documents related to the chosen sample may not be available for inspection.
D) An auditor may fail to recognise errors in the documents examined for the chosen sample.
Correct Answer:
Verified
Correct Answer:
Verified
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Q15: An auditor is planning the confirmation of
Q16: An auditor selecting a sample may use
Q17: Which of the following factors does an
Q18: In applying variables sampling, an auditor attempts
Q20: In determining the sample size for a
Q21: Which of the following is appropriate in
Q22: An auditor planning tests of controls specifies
Q23: The accounting department reports that the balance
Q24: Based on a five per cent risk