Question: Select from the option list provided the sampling method the auditor would use in each of the following independent situations. Each choice may be used
Select from the option list provided the sampling method the auditor would use in each of the following independent situations. Each choice may be used once, more than once, or not at all.
Question options:
A.This method is appropriate for account balances that may include only a few overstated items, such as may be expected in inventory and receivables.
B.This method tests binary, yes/no, or error/nonerror questions.
C.This method is based on the Poisson distribution used in attribute sampling to approximate the binomial distribution
D.This method requires the existence of evidence indicating performance of the control being tested.
E.This method is used to estimate a numerical measure of a population, such as a dollar amount.
1.Attribute sampling
2.Monetary-unit sampling
3.Variables sampling
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