Question: 2. When using statistical attributes sampling, which of the following need not be known to evaluate the results of the tests of I/C? Question 2

2.

When using statistical attributes sampling, which of the following need not be known to evaluate the results of the tests of I/C?

Question 2 options:

Number of deviations in the population

Number of deviations found in the sample

Sample size

Risk of assessing control risk too low

4.

Various factors influence the sample size for a substantive test of details. All other factors being equal, which of the following would lead to a larger sample size?

Question 4 options:

Lower assessment of control risk

Greater reliance on analytical procedures

Smaller tolerable misstatement

Smaller expected frequency of misstatements

6.

Which of the following statements regarding sampling is incorrect?

Question 6 options:

For variables sampling, as the auditors risk of incorrect acceptance increases, sample size decreases.

For variables sampling, an increase in the account balance to be tested increases sample size.

For attributes sampling, as the tolerable deviation rate increases, sample size decreases.

For attributes sampling, as the allowable risk of assessing control risk too low increases, the sample size increases.

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