Multiple Choice Questions The following items apply to determining sample sizes using random sampling from large populations
Question:
The following items apply to determining sample sizes using random sampling from large populations for attributes sampling. Select the most appropriate response for each question.
a. If all other factors specified in a sampling plan remain constant, changing the ARACR from 5% to 10% will cause the required sample size to
(1) Increase.
(2) Remain the same.
(3) Decrease.
(4) Become indeterminate.
b. If all other factors specified in a sampling plan remain constant, changing the TER from 9% to 6% will cause the required sample size to
(1) Increase.
(2) Remain the same.
(3) Decrease.
(4) Become indeterminate.
c. Of the four factors that determine the initial sample size in attributes sampling (population size, tolerable exception rate, acceptable risk of assessing control risk too low, and expected population exception rate), which factor has the least effect on sample size?
(1) Population size
(2) Expected population exception rate
(3) Tolerable exception rate
(4) Acceptable risk of assessing control risk too low
d. The sample size of a test of controls varies inverselywith:
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Related Book For
Auditing and Assurance services an integrated approach
ISBN: 978-0132575959
14th Edition
Authors: Alvin a. arens, Randal j. elder, Mark s. Beasley
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