Questions from Auditing and Assurance

Q: List the major decisions that the auditor must make in using attributes

List the major decisions that the auditor must make in using attributes sampling. State the most important considerations involved in making each decision.

Q: What are the two types of simple random sample selection methods?

What are the two types of simple random sample selection methods? Which of the two methods is used most often by auditors and why?

Q: The following items apply to determining sample sizes using random sampling from

The following items apply to determining sample sizes using random sampling from large populations for attributes sampling. Select the most appropriate response for each question. a. If all other fact...

Q: The following items concern determining exception rates using random sampling from large

The following items concern determining exception rates using random sampling from large populations using attributes sampling. Select the best response. a. From a random sample of items listed from a...

Q: The following questions concern sampling for attributes. Choose the best

The following questions concern sampling for attributes. Choose the best response. a. An advantage of statistical sampling over nonstatistical sampling is that statistical sampling helps an auditor (...

Q: a. In each of the following independent problems, design an

a. In each of the following independent problems, design an unbiased random sampling plan, using an electronic spreadsheet or a random number generator program. The plan should include defining the sa...

Q: Lenter Supply Company is a medium-sized distributor of wholesale hardware

Lenter Supply Company is a medium-sized distributor of wholesale hardware supplies in the central Ohio area. It has been a client of yours for several years and has instituted excellent internal contr...

Q: The following is a partial audit program for the audit of sales

The following is a partial audit program for the audit of sales transactions. 1. Foot the sales journal for one month and trace the postings to the general ledger. 2. Vouch entries in sales journal to...

Q: The following questions concern the determination of the proper sample size in

The following questions concern the determination of the proper sample size in audit sampling using the following table: Required a. Assume that the initial sample size for column 1 using nonstatistic...

Q: The questions below relate to determining the CUER in audit sampling for

The questions below relate to determining the CUER in audit sampling for tests of controls, using the following table: Required a. Using nonstatistical sampling, calculate TER – SE...