CPA Audit Module 7-4

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Joens1313
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292799
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CPA Audit Module 7-4
Updated:
2015-01-12 00:22:15
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CPA Audit Module
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CPA Audit Module 7-4
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  1. Statistical sampling helps the auditor to do what?
    Design an efficient sample

    Measures the sufficiency of the evidential matter obtained

    Evaluate the sample results
  2. These 3 things describe what?

    Design an efficient sample

    Measures the sufficiency of the evidential matter obtained

    Evaluate the sample results
    Statistical sampling
  3. What is the risk of assessing control risk too high?
    • The risk of assessing control risk too high is the risk that
    • the sample does not support the auditors planned assessed level of control risk
    • when the true operating effectiveness of the control structure justifies such
    • an assessment.
  4.  

    __________________ arises from the possibility
    that an auditors on conclusions based upon a sample would differ from the on conclusions
    which would be drawn from examining the entire population.
    • Sampling risk arises from the
    • possibility that an auditors on conclusions based upon a sample would differ
    • from the on conclusions which would be drawn from examining the entire
    • population.
  5. What is sampling risk?
    • Sampling risk arises from the possibility that an auditors
    • on conclusions based upon a sample would differ from the on conclusions which
    • would be drawn from examining the entire population.
  6. __________________ is used to reach a conclusion about a
    population in terms of a rate of occurrence
    • Attribute sampling is used to reach a conclusion about a
    • population in terms of a rate of occurrence
  7. What is Attribute sampling?
    • Attribute sampling is used to reach a conclusion about a
    • population in terms of a rate of occurrence
  8. What kind of sampling is used to reach a conclusion about a
    population in terms of a rate of occurrence?
    Attribute sampling
  9. ______________________ is used to minimize the variance
    within the overall population
    • Stratified sampling is used to minimize the variance within
    • the overall population
  10. What is stratified sampling used for?
    • Stratified sampling is used to minimize the variance within
    • the overall population
  11. _________________ is calculated to determine the range of
    procedural deviations in the population
    • Tolerable rate is calculated to determine the range of
    • procedural deviations in the population
  12. Increases in the __________________ increase the sample size
    • Increases in the expected misstatement increase the sample
    • size
  13. Increase in _____________________ decrease the sample size
    Increase in tolerable misstatement decrease the sample size
  14. A increase in the risk of assessing control risk to low does
    what to the sample size?
    It will decrease the sample size
  15. A increase in the tolerable rate will do what to sample
    size?
    It will decrease the sample size
  16. A increase in the expected population deviation rate will do
    what to sample size?
    It will increase the sample size
  17. A increase in population will do what to the sample size?
    • I will
    • increase the sample size slightly depending on the size of the population
  18. A increase in the risk of incorrect acceptance will do what
    to sample size?
    It will decrease the sample size
  19. A increase in the risk of incorrect rejection will do what
    to the sample size?
    It will decrease the sample size
  20. A increase in the risk of tolerable misstatement will do
    what to the sample size?
    It will decrease the sample size.
  21. A increase in the risk of expected misstatement will do what
    to the sample size?
    It will increase the sample size
  22. A increase in the population will do what to the sample
    size?
    It will increase the sample size.
  23. A increase in the variation
    (standard deviation) will do what to sample size?
    It will increase the sample size
  24. For variables sampling, what cause the sampling size to decrease?
    • Increases in the risk of incorrect acceptance
    • increases in the risk of incorrect rejection
    • increases in the risk of tolerable misstatement
  25. For variables sampling, what cause the sampling size to increase?
    • increase in expected misstatement
    • increase in population
    • increase in variation
  26. for attribute sampling, what causes a decrease in sample size
    • increases in the risk of assessing control risk too low
    • increases in the tolerable rate
  27. for attribute sampling, what causes a increase in sample size
    • increases in the expected population deviation rate
    • increases in population

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