Which of the following statements is correct concerning statistical sampling in tests of controls? Show A. For a given tolerable rate, a larger sample size should be selected as the expected population deviation rate decreases. B. The population size has little effect on determining sample size except for very small populations. C. As the population size doubles, the sample size also should double. D. The expected population deviation rate has little or no effect on determining sample size except for very small populations. When using statistical sampling the auditor would probably require a smaller if the?When using a statistical sampling plan, the auditors would probably require a smaller sample if the: Desired risk of incorrect acceptance increases.
Which of the following is not generally used for selecting samples?Which of the following is not generally used for selecting samples? Physical representation numbers.
What is statistical sampling in auditing?1. Statistical audit sampling. Statistical audit sampling involves a sampling approach where the auditor utilizes statistical methods such as random sampling to select items to be verified. Random sampling is used when there are many items or transactions on record.
What are the common sample selection techniques used by the auditor?ISA 530 recognises that there are many methods of selecting a sample, but it considers five principal methods of audit sampling as follows:. random selection.. systematic selection.. monetary unit sampling.. haphazard selection, and.. block selection.. |
Which of the following statistical selection techniques is least desirable for use by an auditor
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