1. Auditors will never use their own judgments in selecting items for testing (True/False). 2. Name the...
Question:
1. Auditors will never use their own judgments in selecting items for testing (True/False).
2. Name the two types of audit sampling.
3. List the three types of statistical sampling.
4. Name three non-statistical sample selection methods.
5. In an audit sampling application, an auditor
a) Performs procedures on all items in a balance and makes a conclusion about the entire balance.
b) Performs procedures on less than 100 percent of the items in a balance and formulates a conclusion about the entire balance.
c) Performs procedures on less than 100 percent of the items in a class of transactions to become familiar with the client's accounting system.
d) Performs analytical procedures on the client's unaudited financial statements when planning the audit.
Expert Answer:
