CIS Lesson 10

What is the purpose of sample selection in auditing?

• To examine the entire population of data

• To draw conclusions about the entire population by examining only a part of it

• To select a sample that is not representative of the population

• To skip the audit process

Which method uses probability theory to determine the sample size and selection in audit sampling?

• Non-Statistical Sampling

• Simple Random Sampling

• Statistical Sampling

• Systematic Sampling

What is the main phase involved in the audit sampling process where the auditor determines the objectives, sample size, and method of selection?

• Planning

• Analysis

• Execution

• Evaluation

Which sampling method involves dividing the population into subgroups or strata?

• Simple Random Sampling

• Cluster Sampling

• Systematic Sampling

• Stratified Sampling

What are some key considerations when deciding whether to accept an appointment as the provider of an assurance opinion?

• Ethics, professional issues, and other issues

• Independence, competence, conflicts of interest, and assessing integrity

• Risk profile of the work requested, the fee, managing client expectations, and legal and regulatory matters

• Availability of staff, managing client expectations, legal and regulatory matters, and obtaining professional clearance

What type of allegations are investigated in the Bonefix, Inc. forensic accounting case study?

• Analysis of government tax fraud

• FCPA whistleblower allegations

• Details not provided

• Analysis of internal auditing practice

What is the objective of the internal auditing practice case study at Commercial Bank Ethiopia?

• Details not provided

• Analyze tax fraud issues in a government context

• Investigate allegations related to Bonefix, Inc.

• Assess the internal auditing practice at the Toba branch

Which sampling method involves selecting samples based on a fixed interval?

• Systematic Sampling

• Simple Random Sampling

• Stratified Sampling

• Cluster Sampling

What is the key technique for selecting samples during an audit that relies on the auditor's judgment?

• Non-Statistical Sampling

• Simple Random Sampling

• Systematic Sampling

• Statistical Sampling

What is the final phase in the audit sampling process where the auditor analyzes the results from the sample?

• Execution

• Analysis

• Planning

• Evaluation