Which of the following is not a method that auditors use to control their exposure to sampling risk during the examination?a. Determining an appropriate sample size.b. Performing the appropriate audit procedure.c. Ensuring that all items have an equal opportunity to be selected.d. Evaluating sample results using a mathematical basis

Q: Identify the two situations in which samplingis used in an audit.

A: Audit Sampling: Audit sampling refers as an audit technique where audit procedures are applied to a…

Q: ble misstatement   b.    the higher the audit risk required.   c.    the smaller the sample size…

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Q: ow to select appropriate audit samplin

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Q: What are the different types of analytical procedures? Describe how they may be utilized in an audit…

A: Analytical methods : Analytical processes are the techniques used by auditors to analyze the…

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Q: Explain

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Q: The risk that the decision made based on the sample will differ from the decision madebased on the…

A:

Q: Is nonstatistical sampling permitted under generally accepted auditing standards?

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Q: TRUE OR FALSE When sampling is used by an auditor, an element of uncertainty is present in the…

A: ‘’Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: uss the main steps to consider when conducting auditing sampling

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Q: Which of the following is the exception rate that the auditor expects to find before testing?…

A: The expected population exception rate represents the exception rate that has been predicted in…

Q: Describe to what extent statistical sampling enhances the quality of the audit evidence.

A: Audit evidence is the evidence collected by an auditor during an audit which will form part of his…

Q: A considerable portion of the tests of controls and substantive tests of transactions are performed…

A: Auditing is basically an inspection or checking of books of accounts maintained by the business.…

Q: In non-statistical sampling, _______.       the auditor determines samples size, sample selection…

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Q: In audit sampling applications, sampling risk isa. A characteristic of statistical sampling…

A: Answer:   Option d

Q: What options are available to the audit team if the ULRD is greater than the tolerable rate of…

A:

Q: TRUE OR FALSE When evaluating the results of specific items selected for testing, its effects must…

A: Hi student Since there are multiple questions, we will answer only first question.

Q: Explain how judgement is used in statistical and non-statistical sampling in an audit service

A:

Q: An auditor typically selects samples when testing controls. What are some factors that affect the…

A: A testing control describes any auditing procedure which are used to evaluate a company internal…

Q: Which of the following statements is not true with respect to nonstatistical sampling?a. It cannot…

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Q: Non-statistical sampling is commonly used in audit practice. Describe each of the four items…

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Q: What is “tolerable misstatement”? How is this concept applied when auditors perform audit tests on a…

A: Tolerate misstatement is a term used in auditing that refers to the amount by which a financial…

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A: Auditing is done in order to determine that the financial statements are not materially misstated.

Q: Which of the following major stages of the audit is most closely related to attributes sampling?a.…

A: Audit sampling is selection of items from a population of items for identifying and assessing the…

Q: STATEMENT 1: Since audit sampling is an essential part of the audit process, each step in an audit…

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Q: Which of the following statements is not true with respect to the calculation of the upperlimit on…

A: Here the reference is from ISA - 530 "Audit sampling"