Attribute Sampling Is Used in Which of the Following Situations

Question 30 3 out of 3 points In selecting a sample for attribute testing block sampling involves which of the following approaches. This sampling method allows the auditor to determine the occurrence rate of deviations and its relation to the tolerable rate of deviation.

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The data are measurements in metric units.

. Examining invoices in support of the valuation of fixed asset additions. AEach item in the population having an equal chance of selection. Attribute sampling is used in which of the following situations.

Attribute vs variable sampling is that attributes are present or not yes if the. In selecting a sample for attribute testing block sampling involves which of the following approaches. Which of the following may be used to reduce the risk of nonsampling errors.

An arbitrary selection with no conscious bias. Making an independent estimate of the amount of a FIFO inventory. School Florida Atlantic University.

Ayes-or-no decision is to be made. Which of the following may be used to reduce the risk of nonsampling errors. CAn arbitrary selection with no conscious bias.

When both inherent and control risks are high and other means do not provide sufficient. Increasing the size of audit samples. Selecting all items on a day or week.

Errors in current assets. Inspecting purchase orders for proper approval by supervisors. This statistical process helps determine whether internal controls are.

Increasing the size of audit samples. BEvery nth item being selected after a random start. A control such as the proper approval and authorization of cash disbursements can be tested for effectiveness using attribute sampling.

None as sampling does not seem appropriate in this situation. Testing the reasonableness of account balances. Attribute sampling should be used when.

DSelecting all items on a day or week. Both A and B. Define the non-statistical sampling method that is most effective and efficient.

Variable sampling is about checking how much how good or how bad. Statistical sampling is used when an auditor chooses to examine all purchases of equipment exceeding 100000 and to test the remaining items by analytical procedures. Selecting accounts receivable for confirmation of account balances.

Ratings 97 92 89 out of 92 people found this document helpful. None as sampling does not seem appropriate in this situation. Attribute sampling is used in which of the following situations.

Course Title ACG 4173. In each of the following situations select whether attribute A or variables V sampling is used. Testing rates of deviations of controls.

Selecting all items on a day or week. For which of the following audit tests would an auditor most likely use attribute sampling. Need to estimate some amount.

For which of the following audit tests would an auditor most likely use attributes sampling. Are you sampling based on variables or attributes. Attribute sampling checks whether an item is defective or not.

Every nth item being selected after a random start. Which one of the following is not a typical step used to implement an attribute sampling plan. The following situations will likely lead the auditor to use 100 testing except a.

Monetary-unit sampling is not particularly effective at detecting. Every nth item being selected after a random start. Errors in noncurrent assets.

The auditor uses attribute sampling to test the effectiveness of control. Its a yes or no answer. The sampling approach most likely to be used is.

The auditor is searching for understatements only. The sampling approach most likely to be used is. Observe a sample of employees at various cash registers to ensure they log in to the system before they can begin processing transactions and subsequently log out when their shift is over to prevent unauthorized access to the cash registers.

Attribute sampling is used in audit procedures helping analyze the characteristics of a given population. Testing rates of deviations of controls. Review sales transactions for large and unreasonable amounts.

Tests for rates of occurrence are appropriately used in all but which of the following situations. The most efficient method of testing a large population is. Scatter diagrams are best described as.

Observe whether the duties of the accounts receivable clerk. It is a method of measuring quality that consists of noting the presence or absence of some characteristic attribute in each of the units under consideration. An auditor discovers that an account balance believed not to be materially misstated based on an audit sample was materially misstated based on the total population of the account balance.

Attribute sampling checks whether an item is defective or not. This preview shows page 21 - 22 out of 66 pages. Its a yes or no answer.

When the population constitutes a small number of large value items. In selecting a sample for attribute testing systematic selection involves which of the following approaches. A multi-stage sampling plan is needed.

In variable sampling data is in the variable form and the result is rated on a continuous scale that measures the degree of conformity. Attribute sampling is used in which of the following situations. The population has variability.

Attributes sampling would be an appropriate method to use on which one of the following procedures in an audit program.

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