Chapter_11 - Chapter 11 Student 1 Audit sampling is the...

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Chapter 11 Student: ___________________________________________________________________________ 1. Audit sampling is the application of an audit procedure: A. using statistical methods to evaluate the propriety of the account balance or class of transactions. B. to less than 100 per cent of the items within an account balance or class of transactions for the purpose of evaluating some characteristics of the balance or class. C. applied to items selected randomly. D. on a test basis. 2. 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. 3. Which of the following best describes the distinguishing feature of statistical sampling compared with non-statistical sampling? 4. An advantage of using statistical sampling techniques is that such techniques:
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5. Which of the following is a distinguishing feature between statistical sampling and non-statistical sampling? 6. Which of the following best illustrates the concept of sampling risk? A. The documents related to the chosen sample may not be available for inspection. B. An auditor may fail to recognise deviations in the documents examined for the chosen sample. C. An auditor may select audit procedures that are not appropriate to achieve the specific objective. D. A randomly chosen sample may not be representative of the population as a whole for the characteristic of interest.
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