Professional Documents
Culture Documents
ch09 - Statistical Sampling For Testing Control Procedures PDF
ch09 - Statistical Sampling For Testing Control Procedures PDF
Procedures
MULTIPLE CHOICE
1.
2.
3.
4.
142
6.
9.
8.
7.
143
144
ANSWER:
10.
11.
12.
13.
14.
17.
16.
15.
145
146
18.
19.
22.
21.
20.
ANSWER:
23.
26.
25.
24.
147
148
ANSWER:
27.
28.
29.
149
31.
32.
150
33.
34.
35.
36.
Decrease.
Change by 4%.
ANSWER:
37.
39.
38.
151
152
40.
41.
42.
43.
Variables sampling.
Attribute sampling.
Judgment sampling.
PPS sampling.
ANSWER:
44.
45.
153
COMPLETION:
47.
48.
49.
whereas
ANSWER:
SUBJECTIVE
estimates the frequency of events,
is an estimate of amount.
ATTRIBUTE SAMPLING, VARIABLES SAMPLING
154
50.
51.
The
size.
ANSWER:
52.
BETA
PROBABILITY
56.
____________
55.
LOWER
54.
NARROWER
53.
`
SYSTEMATIC SAMPLING
Under conditions of
detection risk, a minimal
quantity of audit evidence is needed.
ANSWER:
HIGH
MATCHING:
57.
Attribute sampling
Alpha risk
Discovery sampling
Beta risk
Expected occurrence rate
Precision
155
Discovery sampling
Sampling risk
Systematic sampling
Tolerable occurrence rate
Upper occurrence limit
Variables sampling
____1.
____2.
____3.
____4.
Risk of underassessment.
____5.
____6.
____7.
____8.
____9.
Risk of overassessment.
A
C
E
D
J
H
I
K
B
F
PROBLEM/ESSAY:
58.
156
SOLUTION:
1.
2.
3.
4.
5.
6.
7.
157
59.
8.
9.
SOLUTION:
a. In determining the number of vouchers to test, the
auditor will need to set a tolerable occurrence rate and an
acceptable risk of underassessment. These parameters,
along with an estimated occurrence rate may then be used as
inputs to determining sample size.
b. If vouchers are prenumbered, the auditor can elect to use
a random selection approach to selecting vouchers test
for predefined attributes.
c. Having examined the sample for the attributes of
interest, the auditor can calculate the observed error
rate and the upper occurrence limit.
d. The upper occurrence limit can be compared with the
tolerable occurrence rate to support raising or lowering
the assessed level of control risk.
60.
158
1:
2:
3:
4:
7.0%
4.0%
12.0%
6.0%
SOLUTION:
a.
b.
c.
d.
159