Question
1.__________________, whether statistical or nonstatistical, is the process of selecting and evaluating a sample of items from a population of audit relevance such that the
1.__________________, whether statistical or nonstatistical, is the process of selecting and evaluating a sample of items from a population of audit relevance such that the auditors expect the sample to be representative of some characteristic of the population.
2.Through ___________________ techniques, the auditors may specify in advance the sampling risk that they want in their sample results and then compute a sample size that controls sampling risk at the desired level.
3.The principle involved in unrestricted random sampling is that every sampling unit (item) in the population has __________________ of being selected for inclusion in the sample.
4.______________________ involves selecting every nth item in the population following one or more random starting points.
5.When ___________________ is used, the auditors select the items from the population on an arbitrary basis, but without any conscious bias.
6.___________________ is the technique of dividing a population into relatively homogeneous subgroups called strata.
7.____________________ is also referred to as dollar-unit sampling, applies attributes sampling theory to develop an estimate of the total dollar amount of misstatement in a population. It is used as an alternative to classical variables sampling methods for performing substantive tests of transactions or balances.
8.The results of tests of controls are most frequently presented in terms of the rate of deviation from performance of the prescribed controlalso called ____________________.
9.Under ___________________, the audit sample is taken in several stages. The auditors start by examining a small sample. Then, based on the results of this initial sample, they decide whether to (1) assess control risk at the planned level, (2) assess control risk at a higher level than planned, or (3) examine additional sample items to get more information.
10.The purpose of ___________________ is to detect at least one deviation, with a predetermined risk of assessing control risk too low if the deviation rate in the population is greater than the specified tolerable deviation rate. One important use of this is to locate examples of a suspected fraud.
A. | statistical sampling |
B. | haphazard sample selection |
C. | a discovery sample |
D. | stratification |
E. | a sequential sampling plan |
F. | an equal chance |
G. | the deviation rate |
H. | systematic selection |
I. | monetary unit sampling |
J. | Audit sampling |
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