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Author Question: Whenever auditors use sampling, they risk making incorrect conclusions about the population. The ... (Read 51 times)

bvyeehaw

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on: Aug 21, 2022

Question 1

When using statistical sampling, the auditor would most likely require a smaller sample if the
◦ population increases.
◦ desired reliability decreases.
◦ desired precision interval narrows.
◦ expected exception rate increases.

Question 2

Whenever auditors use sampling, they risk making incorrect conclusions about the population. The risk that the auditor concludes that controls are more effective than they actually are is known as the
◦ risk of overreliance.
◦ risk of underreliance.
◦ risk that the sample is not representative of the population.
◦ risk that the sample conclusions cannot be useful because of nonprobability sampling.
Auditing and Assurance Services ¦ Arens, Elder, Beasley, Hogan ¦ 17th Edition
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Marked as best answer by bvyeehaw on Aug 21, 2022

butterfly17

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Reply #1 on: Aug 21, 2022
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bvyeehaw

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Reply 2 on: Aug 21, 2022
Wow, this really help

xiaomengxian

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Reply 3 on: Yesterday
Excellent

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