Multiple Choice
If the auditor uses a statistical sampling program for the internal control test,
A) the auditor uses judgment to determine the allowance for non-sampling risk
B) the auditor uses judgment to determine the allowance for sampling risk
C) the statistical program will calculate an allowance for sampling risk
D) the statistical program will calculate an allowance for non-sampling risk
Correct Answer:

Verified
Correct Answer:
Verified
Q24: Internal control testing is typically done<br>A)at the
Q25: To use evidence from a sample to
Q26: Which of the following statements is a
Q27: Both statistical and nonstatistical sampling require professional
Q28: A control deviation occurs when<br>A)the control has
Q30: The most important points to understand about
Q31: Internal control testing is required when<br>A)the auditor
Q32: Audit risk is<br>A)the risk that material misstatements
Q33: The only possible results from an internal
Q34: Sampling risk is<br>A)the risk that the sample