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Author Question: Which of the following statements is correct when dealing with sampling for exception rates? (Read 52 times)

nods

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on: Aug 21, 2022

Question 1

Which of the following occurrences would be least likely to warrant further audit attention for the auditor?
◦ deviations from client's established control procedures
◦ deviations from client's budgeted values
◦ monetary misstatements in populations of transaction data
◦ monetary misstatements in populations of account balance details

Question 2

Which of the following statements is correct when dealing with sampling for exception rates?
◦ The term exception refers to both deviations from the client's control procedures and amounts that are not monetarily correct.
◦ When used with sampling, the term deviation is synonymous with the term exception.
◦ The actual population exception rate is the same as the sample exception rate.
◦ In using audit sampling for exception rates, the auditor is most concerned with the confidence interval.
Auditing and Assurance Services ¦ Arens, Elder, Beasley, Hogan ¦ 17th Edition
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Marked as best answer by nods on Aug 21, 2022

heathercab

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Reply #1 on: Aug 21, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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nods

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Reply 2 on: Aug 21, 2022
Great answer, keep it coming :)

alexanderhamilton

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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