- Management claims that the accounts receivable amounts are real, not fictitious. What management assertion is involved?

a. Completeness

b. Existence

c. Rights and Obligations

d. Valuation and Allocation

- An auditor wishes to calculate the appropriate sample size to use in testing controls. Based on the following parameters and the tables provided, what sample size will be used?

Sampling risk i.e. Risk of Overreliance 10%

Expected (population) deviation rate 2%

Tolerable deviation rate 5%

Appropriate sample size would be:

a. 38 c. 78

b. 46 d. 132

e. 181 f. None of the above.