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Listed below are audit situations. Match each situation by selecting the sampling technique that would be most appropriate and likely to result in the smallest required sample size. Replies may be used more than once.

Choices: Attributes Sampling - Difference Estimation Sampling - Discovery Sampling - Monetary Unit Sampling - Mean Per Unit Sampling - Ratio Estimation Sampling

Audit Situation Sampling Technique The auditors wish to test the operating effectiveness of a control, and expect a 2 percent deviation rate in the population. The auditors wish to estimate the dollar value of 1,000 inventory items that have been priced by b the client; they expect a relatively constant percentage of misstatement (misstatement/ book value) in various items. The auditors wish to estimate the value of accounts receivable by confirmation; the auditors c. expect a very low deviation rate in recorded amounts. d The auditors wish to test for the existence of a critical deviation in internal control. e The auditors expect no misstatements in testing a control. f The auditors wish to perform substantive procedures but do not have book values of items. The auditors are performing substantive procedures and expect the size of any misstatements gto be directly related to account book value (e.g., accounts with large book values have large dollar misstatements, small will have small dollar misstatements) The auditors will not use mean per unit sampling, but wish to use the variables method most h. likely to result in the smallest sample when error size is independent of book value. i.The auditors wish to use the most general form of statistical sampling for tests of controls. The auditors wish to perform substantive procedures using the form of sampling based on attributes sampling theory that uses sample selection based on size of book value-that is, an j. account with a $500 book value will be twice as likely to be selected as an account with $250 book value)

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