Question: can someone solve these questions correctly and provide solution 22-Suppose an auditor sampled sales and found a $1,000 error This means that a) Client sales
22-Suppose an auditor sampled sales and found a $1,000 error This means that a) Client sales are misstated by exactly $1,000 b) Client sales are misstated by more than $1,000 c) Both choices are necessarily true 23-When applying a statistical sampling technique a) The auditor may not change the sample size b) The auditor may not use any prolessional judgment during the audit c) The auditor may not choose to increase the sample size , but may choose to decrease it d) The auditor may choose to increase the sample size, but may not choose to decrease it 24- In a probability proportionate to size (PPS) sampling approach b) Fach dollat of lrantection or balince tealed regresents one sampling unit b) Each transaction or balance item tested represents one sampling unit c) The population tested represents one sampling unit. 25.How many items you would need to sample for an account with a reported balance of $500,000 where you could tolerate up to $30,000 of misstatement and expected $50,000 of misstatement assuming 90% confidence level a) 7 b) 116 30.000150.0001.64(90%)= d) Not possible answer is 26-The probability that an account with a $0 balance will be selected for testing using PPS random assignment approach of 2 items will be tosted and there are 10 journal entries in the organization a) 0% b) 10% c) 20% d) Cannot be determined 27) the auditor uses ditference projection to audit an account that contains 10 items and has a population balance of $2,500. The auditor samples 1 item and finds $2 misstatement. The auditor projects a misstatement of a) 50 b) 510 c) $20 d) $250
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