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WorksheetsPAS3193 Quiz 2 April 2022
Total questions: 10
Worksheet time: 20mins
A sample in which the characteristics of the sample are the same as those of the population is a (n)
Sample risks.
Representative sample.
Random sample.
Population.
One of the ways to eliminate nonsampling risk is through
Proper supervision and instruction of the client's employees.
Proper supervision and instruction of the audit team.
Controls which ensure that the sample drawn is random and representative.
The use of appropriate sampling technique.
One cause of nonsampling risk is
Ineffective use of audit procedures.
Use of extensive tests of controls.
Testing less than the entire population.
Any of the above.
When the auditor goes through a population and selects items for the sample without regard to their size, source, or other distinguishing characteristics, it is called
Statistical selection.
Block sample selection.
Haphazard selection.
Systematic sample selection.
A sample in which every possible combination of items in the population has an equal chance of constituting the sample is a
Judgment sample.
Statistical sample
Representative sample.
Random sample
Which of the following best illustrates the concept of sampling risk?
A randomly chosen sample may not be representative of the
population as a whole of the characteristics of interest.
An auditor may fail to recognize errors in the documents examined for the chosen sample.
The documents related to the chosen sample may not be available for inspection.
An auditor may select audit procedures that are not appropriate to achieve the specific objective.
Which of the following is not an advantage of non-statistical sampling?
a. it allows an auditor to measure sampling risk
b. it is lower cost than statistical sampling
c. it allows an auditor to select a sample that they believe is appropriate
d. it requires less staff training
If the total projected error in an account balance was RM3,248 and the tolerable error was set at RM10 000, the auditor would:
a. decide that further audit work was required
b. conclude that the errors detected are not material
c. conclude that the errors uncovered are material
d. conduct other tests aimed at the assertion being tested
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.
For which of the following audit procedures would sampling be most appropriate?
a. Inquiry.
b. Observation.
c. Confirmation.
d. Analytics.
