Question 1
________ is a method of projecting from the sample to the population to estimate the population misstatement. It assumes that misstatements in the unaudited population are proportional to the misstatements found in the sample.
◦ Mean-per-unit estimation
◦ Point estimate
◦ Monetary unit
◦ Basic precision
Question 2
An auditor using nonstatistical sampling cannot formally measure sampling error and therefore must subjectively consider the possibility that the true population misstatement exceeds a tolerable amount. Which of the following factors should be considered by the auditor in making this assessment?
◦
| The dollar difference between the point estimate and tolerable misstatement | The extent to which items in the population have been audited 100 percent |
| Yes | Yes |
◦
| The dollar difference between the point estimate and tolerable misstatement | The extent to which items in the population have been audited 100 percent |
| No | No |
◦
| The dollar difference between the point estimate and tolerable misstatement | The extent to which items in the population have been audited 100 percent |
| Yes | No |
◦
| The dollar difference between the point estimate and tolerable misstatement | The extent to which items in the population have been audited 100 percent |
| No | Yes |
Scale used to measure pupil size in millimeters.
Sources of diagnostic error
A goniometer is used to measure range of motion of the patient’s arm.
This mini clamp-on DMM is being used to measure the amount of battery electrical drain that is ...
A partial stream sampling exhaust probe being used to measure exhaust gases in parts per million ...
Sampling Issues