ACC 403 help A Guide to career/Snaptutorial ACC 403 help A Guide to career/Snaptutorial | Page 10

8. A sample in which every possible combination of items in the
population has an equal chance of constituting the sample is a:
9. In systematic sample selection, the population size is divided by
the number of sample items desired in order to determine the:
10. When the auditor decides to select less than 100 percent of the
population for testing, the auditor is said to use:
11. If the client's internal control for recording sales returns and
allowances is evaluated as ineffective:
12. The understatement of sales and accounts receivable is best
uncovered by:
13. The audit procedure that provides the auditor with the most
appropriate evidence when performing test of details of balances for
accounts receivable is:
14. Which of the following most likely would be detected by a
review of a client's sales cutoff?
15. The most important aspect of evaluating the client's method of
obtaining a reliable cutoff is to:
16. The client's trial balance has a balance of $410,000 for
merchandise inventory. As the auditor you are willing to accept a
balance that is within $20,000 of either side of the recorded balance.
You compute a 95% confidence interval of $395,000 to $425,000.
You could therefore:
17. When the sample selection is done using probability proportional
to size sample selection (PPS):
18. The appropriate assumption to make regarding the overall
percent of error in those population items containing an error is:
19. When errors are found in a sample, auditors in practice generally
make the assumption:
20. If an auditor desires a greater level of assurance in auditing a
balance, the acceptable risk of incorrect acceptance:
21. From which of the following evidence-gathering audit
procedures would an auditor obtain most assurance concerning the
existence of inventories?
22. Comparing the physical counts with the perpetual inventory
master files satisfies the balance-related audit objective of: