Multiple-Choice Questions
1.
easy
A sample in which the characteristics of the sample are the same as those of the population is
a(n):
b
a.
variables sample.
b.
representative sample.
c.
attributes sample.
d.
random sample.
2.
easy
When the auditor decides to select less than 100 percent of the population for testing, the auditor
is said to use:
a
a.
audit sampling.
b.
representative sampling.
c.
poor judgment.
d.
none of the above.
3.
In practice, auditors _________ know if a sample is truly a representative one.
easy
a.
sometimes
d
b.
often
c.
routinely
d.
never
4.
To determine if a sample is truly representative, an auditor must:
easy
a.
conduct multiple samples of the same population.
c
b.
never use sampling because of the expense involved.
c.
audit the entire population.
d.
perform none of the above.
5.
One of the ways to eliminate nonsampling risk is through:
easy
a.
proper supervision and instruction of the client’s employees.
b
b.
proper supervision and instruction of the audit team.
c.
the use of attributes sampling rather than variables sampling.
d.
controls which ensure that the sample drawn is random and representative.
6.
One cause of nonsampling risk is:
easy
a.
ineffective use of audit procedures.
a
b.
testing less than the entire population.
c.
use of extensive tests of controls.
d.
any of the above.
7.
An auditor can increase the likelihood that a sample is representative by using care in:
easy
a.
designing the sampling process.
d
b.
designing the sample selection.
c.
evaluating the sample results.
d.
performing all of the above.
Auditing and Assurance Services, 14e, Global Edition (Arens)
Chapter 15 Audit Sampling for Tests of Controls and Substantive Tests of
Transactions
Learning Objective 15-1
1) A sample in which the characteristics of the sample are the same as those of the population is a(n):
A) variables sample.
B) representative sample.
C) attributes sample.
D) random sample.
Answer: B
Terms: Sample in which characteristics of sample are same as population
Diff: Easy
Objective: LO 15-1
AACSB: Reflective thinking skills
2) When the auditor decides to select less than 100 percent of the population for testing, the auditor is said
to use:
A) audit sampling.
B) representative sampling.
C) poor judgment.
D) estimation sampling.
Answer: A
Terms: Auditor selects less than 100 percent of population for testng
Diff: Easy
Objective: LO 15-1
AACSB: Reflective thinking skills
3) To determine if a sample is truly representative of the population, an auditor would be required to:
A) conduct multiple samples of the same population.
B) never use sampling because of the expense involved.
C) audit the entire population.
D) use systematic sample selection.
Answer: C
Terms: Sample truly representative of population
Diff: Easy
Objective: LO 15-1
AACSB: Reflective thinking skills
1
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