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WorksheetsAUDIT 8
Total questions: 10
Worksheet time: 10mins
Name
Class
Date
1.
What is audit sampling process?
a. Plan the audit sampling
b. Evaluation of process
c. Evaluation the result of tests
d. Select the sample items and perform the appropriate tests on the sample items selected
a. Plan the audit sampling
b. Evaluation of process
c. Evaluation the result of tests
d. Select the sample items and perform the appropriate tests on the sample items selected
a)
A. a,d,c
b)
B. a,b,d
c)
C. a,d,c
d)
D. a,b,c
2.
Below are the statistical sample approaches except;
a)
Simple random sample selection
b)
Systematic sample selection
c)
Stratified sample selection
d)
Block sample selection
3.
Which techniques that auditor selects the sample items without a conscious biasness?
a)
Systematic sample
b)
Haphazard sample
c)
Simple random
d)
Probability Proportional To Size (PSS)
4.
Error may be defined as either ;
a)
Control deviation and misstatement
b)
Test of control
c)
Substantive test
d)
Sampling risk and non-sampling risk
5.
What is the purpose of tests of control ?
a)
To provide audit evidence as to the completensess,accurary,and validity of the information contained in the accounting records
b)
To permit the auditor to emphasise certain population items and de-emphasise the others
c)
To determine to what extent the internal control systems comply with the stated policies,plans,laws and regulations
d)
Used to supplement other samples when there is a nigh likehood of misstatements for a known time period
6.
Which are the objective of audit sampling ?
a)
To obtain a sample that is representative of the population
b)
The number of population items selected when a sample is drawn from a population
c)
The individual items constituting a population
d)
To discuss the two approaches in audit sampling approaches before discussing how to obtain a representative sample
7.
Below are the advantages of statistical sampling, except ;
a)
Allows estimation of errors to be made
b)
The sample result is objective and defensible
c)
simple to use and more cost effective than non-statistical approach
d)
The sample size is objectively determined
8.
Arrange the steps for audit sampling for test detail of balances ;
i. Define misstatements conditions
ii. Decide whether audit sampling applies
iii. State the objectives of the audit test
iv. Define attributes and exception conditions
i. Define misstatements conditions
ii. Decide whether audit sampling applies
iii. State the objectives of the audit test
iv. Define attributes and exception conditions
a)
ii,iv,iii
b)
i,ii,iii
c)
iii,ii,i
d)
iii,iv,ii
9.
One cause the non-sampling risk is...
a)
A. Ineffective use of audit procedures
b)
B. Use of extensive tests of control
c)
C. Testing less than the entire population
d)
D. No answer on above
10.
This audit's book we are using is written by how many lectures?
a)
Two
b)
Five
c)
Six
d)
Four
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