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Author Question: If an auditor judgmentally selects a sample of one hundred items from a population and finds two ... (Read 67 times)

Scollins7

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on: Aug 21, 2022

Question 1

Auditors often use the ________ to determine the estimated population exception rate.
◦ current year's audit results
◦ tolerable exception rate
◦ preceding year's audit results
◦ estimated computed by management

Question 2

If an auditor judgmentally selects a sample of one hundred items from a population and finds two exceptions, the auditor
◦ can conclude that the sample exception rate is 2%.
◦ can conclude that the population exception rate is 2%.
◦ can calculate the highest exception rate expected in the population.
◦ cannot make any conclusions about either the sample or the population.
Auditing and Assurance Services ¦ Arens, Elder, Beasley, Hogan ¦ 17th Edition
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Marked as best answer by Scollins7 on Aug 21, 2022

reactx

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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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Scollins7

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Reply 2 on: Aug 21, 2022
Thanks for the timely response, appreciate it

kjohnson

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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