Audit Exam #2 Chapter 8

Which of the following is not considered when obtaining audit evidence through sampling? a.The effectiveness of control procedures. b.The efficiency of control procedures. c.The dollar accuracy of account balances. d.The dollar accuracy of classes of transactions. Correct Answers The dollar accuracy of classes of transactions. Which one of the following accounting constraints supports the concept of audit sampling? a.Conservatism. b.Materiality. c.Cost-benefit. d.Industry practice. Correct Answers Cost-benefit. Which one of the following is not a decision the auditor makes when using attribute sampling? a.Sample size. b.Selection of items included in the sample. c.Evaluation of sample information. d.Whether to document all phases. Correct Answers Whether to document all phases. Which one of the following is a decision the auditor makes when using attribute sampling? a.The sampling unit. b.Period covered by testing. c.Completeness of the population. d. All of the above are auditor decisions. Correct Answers All of the above are auditor decisions. Which of the following is not considered to be non-sampling risk?