Answered step by step
Verified Expert Solution
Question
1 Approved Answer
9. Match the term in the left column to the definition in the right column. a. Attribute Sampling 1. The possibility that the sample drawn
9. Match the term in the left column to the definition in the right column. a. Attribute Sampling 1. The possibility that the sample drawn is not representative of the population and leads to an incorrect conclusion b. Confidence level 2. Relies (more than statistical sampling does) on the auditor's judgment to determine sample size and evaluate the results c. Allowance for sampling risk 3. The maximum deviation rate from a specific internal control that an auditor is willing to accept d. Sampling risk 4. All or a subset of the items that constitute the class of transactions e. Sampling population 5. A common sense notion of accuracy. The probability that the results obtained by using a sample are the same as would have been obtained had the results been obtained instead by using the entire population f. Nonstatistical sampling 6. Used to estimate the proportion of a population that possesses a certain characteristic g. Tolerable deviation rate 7. The difference between the expected and the tolerable deviation rate
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started