IDEA

Audit sampling is the application of an audit procedure to less than 100 percent of the items within an account balance or class of transactions for the purpose of evaluating some characteristic of the balance or class.

• True
• False

How many sampling methods are available in IDEA?

• 1
• 2
• 3
• 4

Which is not a sampling method

• Systematic Record Sampling
• Random Record Sampling
• Stratified Random Sampling.
• Others

Systematic Record Sampling is a method of sampling used to extract a number of records from a database at equal intervals (for example, every 1000th record).

• True
• False

whether this statement is true or false There are two methods for determining the sample of SYSTEMATIC RECORD SAMPLING:  Entering the sample size, in which case IDEA computes the interval size.  Entering the interval size, in which case IDEA computes the sample size.

• True
• False

Random Record Sampling is a common means of sample extraction. The sample size is entered as well as the range of records from which the sample is to be extracted. Then, using a random number seed, IDEA generates a list of random numbers and selects the appropriate records associated with these numbers.

• True
• False

Stratified Random Sampling is used to extract a random sample with a specified number of records from each of a series of bands. This method requires the database to first be stratified into a series of numeric, character or date bands. You are then presented with a table displaying the number of records within each band, in which you must enter the number of sample records to be extracted at random from each band.

• True
• False

Purpose of Idea

• convert pdf into excel
• Sampling
• journal Testing
• All the above

What is the complete name of IDEA

• Idea data analysis software
• Idea data collection software
• Idea data audit software
• Idea data reading software

If you are using non-financial data, the Control Total property might not be appropriate for reconciling data

• True
• False