373.Which of following SAs deals with auditor’s responsibilities w.r.t audit sampling: a)SA 200b)SA 580c)SA 530 d)SA 500 374.When auditor decides to select less than 100% of the population for testing, the auditor is said using 375.The entire set of data from which a sample is selected and about which the auditor wishes to draw conclusions is called as________________
RATHORE INSTITUTE CA. NITIN GUPTA 376.The individual items constituting a population is called as_______________ 377.______________ is the risk that auditor’s conclusion based on a sample may be different from conclusion if the entire population were subjected to the same audit procedure. a)Audit Riskb)Inherent Riskc)Control Riskd)Sampling Risk 378.Size of sample is affected by 379.Type 1 sampling risk affects________________ 380.Type 2 sampling risk affects________________ 381._____________________ is the risk that the auditor reaches an erroneous conclusion for any reason not related to sampling risk. a)Inherent Riskb)Control Riskc)Sampling Riskd)Non-Sampling Risk 382. Which of the following item is not suitable for test checking?
RATHORE INSTITUTE CA. NITIN GUPTA 383.Precautions to be considered by auditor while performing audit engagement on the basis of test checking are 384.Approaches to sampling are 385.In non-statistical sampling, the sample size and its composition are determined on the basis of a)Personal experience of auditorb)Knowledge of auditorc)Judgement of auditord)All of above 386.____________________ is a method of audit testing which is more scientific than testing based entirely on the auditor’s own judgement because it involves use of mathematical laws of probability in determining the appropriate sample size.
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