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Auditing Chapter 8 Pre Quiz

Kayla Harbaugh 10 Fragen

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  1. 1Which of these questions would an auditor ask when sampling to perform tests of controls?
    1. AWhich population and sampling unit should be tested, and what characteristics should be examined?
    2. BHow many items should be selected for audit testing?
    3. CWhich items should be included in the sample?
    4. DWhat inferences can be made about the overall population from the sample?
    5. EAll of these
  2. 2Refer to Exhibit 8.2 and determine which of the following phrases matches this definition:
    The risk that the auditor will conclude that internal controls are effective when internal controls are actually not effective.
    1. AThe risk of incorrect acceptance of internal control reliability.
    2. BThe risk of incorrect acceptance of book value
    3. CThe risk of incorrect rejection of internal control reliability
    4. DThe risk of incorrect rejection of book value
    5. ENone of these
  3. 3Refer to Exhibit 8.4 and determine which of the following statements is true.
    1. AIn nonstatistical sampling, sample size is determined by auditor judgment.
    2. BIn statistical sampling, the sample must be randomly selected to give each unit in the population an equal chance to be included in the sample.
    3. CIn nonstatistical sampling, evaluation is based on auditor judgment and projections are based on sample results.
    4. DIn statistical sampling, the auditor is required to define acceptable risk in advance.
    5. EAll of these are true
  4. 4In attributes sampling, which of the following will not affect the determination of sample size?
    1. AThe expected population deviation rate
    2. BSampling risk
    3. CThe tolerable rate of deviation
    4. DThe risk of incorrect rejection of book value
  5. 5Which of the following definitions is true?
    1. AFactual misstatement—A misstatement that has been specifically identified and about which there is no doubt.
    2. BProjected misstatement—The auditor's best estimate of the misstatement in a given population based on projecting the sample results to the population.
    3. CTolerable misstatement—A monetary amount set by the auditor in respect of which the auditor seeks to obtain an appropriate level of assurance that the monetary amount set by the auditor is not exceeded by the actual misstatement in the population.
    4. DExpected misstatement—The level of misstatement that the auditor expects to detect.
    5. EAll of these are true
  6. 6Which of the following represents the calculation of the sampling interval?
    1. ATolerable error × Risk of incorrect acceptance.
    2. BSample size ÷ Population size.
    3. CTolerable error ÷ Risk of incorrect acceptance.
    4. DPopulation size ÷ Sample size.
  7. 7Sampling can be used for both tests of controls and substantive tests of account balances and assertions.
    1. ARichtig
    2. BFalsch
  8. 8Block sampling involves selecting a sample that consists of contiguous population items, such as selecting transactions by day or week.
    1. ARichtig
    2. BFalsch
  9. 9Top-stratum items are population items whose book values exceed the sampling interval and are therefore excluded from the sample.
    1. ARichtig
    2. BFalsch
  10. 10Benford's Law helps predict frequency patterns of deviations of controls.
    1. ARichtig
    2. BFalsch

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Beschreibung
Chapter 8 Pre Quiz
Sprache
English
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20
Schlagwörter
auditingaccounting
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