1. An auditor tests investments. He obtains a schedule of the clients investments and selects the account balances that look weird for testing. The auditor used a ___________ sampling approach
   1. Random Selection
   2. Stratified Selection
   3. Haphazard Selection
   4. Systematic Selection

2. The bigger the historical deviation rate, the ____ the audit sample size needs to be
   1. larger
   2. smaller
   3. No effect
   4. more linear

3. A disadvantage of haphazard sampling
   1. It introduces bias
   2. Humans are random
   3. Audit standards do not permit it
   4. It is not as good as random selection

4. When the auditor discovers a misstatement in a sample, (s)he must ______ the misstatement onto the population
   1. project
   2. estimate
   3. hypothesize
   4. none of the above

5. Non-sampling risk is reduced
   1. By obtaining a smaller sample
   2. By reviewing the auditors work
   3. By using a statistical sampling approach
   4. By using a non-statistical sampling approach