Question
2. When using statistical attributes sampling, which of the following need not be known to evaluate the results of the tests of I/C? Question 2
2.
When using statistical attributes sampling, which of the following need not be known to evaluate the results of the tests of I/C?
Question 2 options:
Number of deviations in the population | |
Number of deviations found in the sample | |
Sample size | |
Risk of assessing control risk too low |
4.
Various factors influence the sample size for a substantive test of details. All other factors being equal, which of the following would lead to a larger sample size?
Question 4 options:
Lower assessment of control risk | |
Greater reliance on analytical procedures | |
Smaller tolerable misstatement | |
Smaller expected frequency of misstatements |
6.
Which of the following statements regarding sampling is incorrect?
Question 6 options:
For variables sampling, as the auditors risk of incorrect acceptance increases, sample size decreases. | |
For variables sampling, an increase in the account balance to be tested increases sample size. | |
For attributes sampling, as the tolerable deviation rate increases, sample size decreases. | |
For attributes sampling, as the allowable risk of assessing control risk too low increases, the sample size increases. |
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