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23. Which of the following is the risk that an auditor will reach an
incorrect conclusion because a sample is not representative of the
population?
24. When auditors wish to evaluate a sample statistically, an
acceptable selection method is:
25. When the auditor goes through a population and selects items
using nonprobabilistic selection methods, without regard to their size,
source, or other distinguishing characteristics, it is called:
26. If the auditor decides to assess control risk at the moderate level
in a private company audit, when in previous years the auditor set
control risk at the maximum level, then tests of controls for the
current year would be:
27. The most serious shortcoming of the haphazard sample selection
method is:
28. The exception rate the auditor will permit in the population and
still be willing to reduce the assessed level of control risk is called
the:
29. To determine if a sample is truly representative of the
population, an auditor would be required to:
30. Attributes sampling would be an appropriate method to use on
which one of the following procedures in an audit program?
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ACC 403 Quiz 7 Set 2
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