MATCHING QUESTIONS 1) Match six of the terms (a-1) with the correct definitions provided below. a. acceptable risk of incorrect acceptance b. acceptable risk of incorrect rejection difference estimation amounts d. misstatement bounds monetary unit sampling f. mean-per-unit estimation g. point estimate h. probability proportional to size sample selection i. ratio estimation statistical inferences k. stratified sampling 1. variable sampling 1. conclusions drawn from sample results based on knowledge of sampling distributions 2. sampling techniques for tests of details of balances that use the statistical inference processes 3. the risk that the auditor is willing to take of rejecting a balance as incorrect when it is not misstated by a material amount 4. a statistical sampling method that provides misstatement bounds expressed in monetary 5. a method of variables sampling in which the auditor estimates the population misstatement by multiplying the average misstatement in the sample by the total number of population items and also calculates sampling risk 6. the risk that the auditor is willing to take of accepting a balance as correct when the true misstatement in the balance exceeds the tolerable misstatement 2) Match six of the terms for documents and records used in the acquisitions and cash disbursement (a-m) with the correct descriptions provided below.

a. aciovptafole riak of imwormese moentarnce 6. ancejpahle risk of incerroet rejoctian 4. Afifterinoe extimation e. mosectary umit sarriphing f. mean-per-4ait estimation 8. pount estimate h. probability progortional to nize sumple selection. d. rario cveimation 1. sfatistical infercrices k. stratificd sampling 1. variable sampling 1. conclusions drawn from sample results based on knowledge of sampling distributions 2. sampling techniques for tests of details of balances that use the statistical inference processes 3. the risk that the auditor is willing to take of rejecting a balance as incorrect when it is not misstated by a material amount 4. a statistical sampling method that provides misstatement bounds expressed in monetary amounts 5. a method of variables sampling in which the auditor estimates the population misstatement by multiplying the average misstatement in the sample by the total number of population items and also calculates sampling risk 6. the risk that the auditor is willing to take of accepting a balance as correct when the true misstatement in the balance exceeds the tolerable misstatement 2) Match six of the terms for documents and records used in the acquisitions and cash disbursement (a-m) with the correct descriptions provided below