Chapter 9 Audit Sampling 1.Three factors that determine the sample size are the risk of assessing…

Chapter 9 Audit Sampling
1.Three factors that determine the sample size are the risk of
assessing control risk too high, tolerable deviation rate, and the
expected population deviation rate.
a. True
b.False
2.While performing a substantive test of details during an
audit, the auditor determined that the sample results supported the
conclusion that the recorded account balance was materially
misstated. It was, in fact, not materially misstated. This
situation illustrates the risk of
a. Incorrect rejection
b. Incorrect acceptance
c. Assessing control risk too low
d.Assessing control risk too high
3.which of the following statistical selection techniques is
least desirable for use by an auditor?
a. block selection
b. stratified selection
c. systematic selection
d. sequential selection