Question: When defining the population and sampling unit, sometimes an auditor must look for a reciprocal population. A reciprocal population is: a. A class of transactions
When defining the population and sampling unit, sometimes an auditor must look for a reciprocal population. A reciprocal population is:
a. A class of transactions or the account balance to be tested.
b. A class of transactions related to the account balance being tested (e.g., sales to accounts receivable).
c. A subset of the population that is the basis for sampling.
d. A population that is overstated if the population of interest is understated (or vice versa).
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