2 (1 point) The final step in the evaluation of the audit sample results is the decision to determine the acceptability of the population. Which of the following statements is false? This step is necessary when conducting any sample. When performing compliance testing, the auditor will need to conclude if the control is effective for the entire period of the audit. When performing substantive testing, the auditor will need to conclude if the account is materially misstated. This step is not necessary when conducting a judgemental sample. Question 3 (1 point) Henry requested confirmations from a sample of all accounts receivable that was over 90 days old. Any monetary error found should be extrapolated to the population of: all past due accounts receivable accounts receivable over 90 days old all accounts receivable current account receivable Question 4 (1 point) An advantage of using statistical over non-statistical sampling methods in tests of controls is that the statistical methods Eliminate the need to use judgment in determining appropriate sample sizes Can more easily convert the sample into a dual-purpose test useful for substantive testing Afford greater assurance and clarity on the effectiveness of the internal control than a non-statistical sample of equal size Provide an objective basis for quantitatively evaluating whether or not the internal control is effective Question 5 (1 point) Which sampling method involves the selection of items that are grouped together within the population of items available? systematic selection haphazard selection probability proportionate to size selection block selection Question 6 (1 point) Sampling is a method of obtaining information that will permit an estimate of the value or quality of a population by examining only a portion of the population. Which of the following statements is false? Auditors will sample to achieve reasonable assurance. When sampling, auditors will always consider costs vs. benefits. Sampling will never be able to provide absolute assurance. Auditors will always sample to keep overall costs of performing the audit reasonable. Question 7 (1 point) Non-sampling risk arises whenever an auditor does not use sampling. uses an inappropriate audit procedure. examines too many items in a population. does not examine all of the items in population. Could you please help me answer these multiple choices questions above? (please type the answer)