Question 2 Selecting samples for testing from a population without a structured technique is termed...
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Question Selecting samples for testing from a population without a structured technique is termed a Haphazard selection b Random selection c Systematic selection d Stratification selection Marks The risk that the auditors conclusion based on a sample may be different from the conclusion if the entire population were subjected to the same procedure in termed: a Nonsampling risk b Inherent risk c Statistical risk d Sampling risk Monetary amount set by auditor should not be exceeded by the actual misstatement in the population is termed: a A tolerable deviation b Sampling error c A tolerable misstatement d A constituent of sampling risk For audit sampling purposes the individual items making up the population which is being sampled are referred to: a Sampling units b Sampling blocks c Sampling transactions d Sampling stratifications When an entity is not able to continue in future and it does not disclose this in financial statements, it is a clear violation of: a Substance over form b Accrual basis c Prudence concept
Question Selecting samples for testing from a population without a structured technique is termed a Haphazard selection b Random selection c Systematic selection d Stratification selection Marks The risk that the auditors conclusion based on a sample may be different from the conclusion if the entire population were subjected to the same procedure in termed: a Nonsampling risk b Inherent risk c Statistical risk d Sampling risk Monetary amount set by auditor should not be exceeded by the actual misstatement in the population is termed: a A tolerable deviation b Sampling error c A tolerable misstatement d A constituent of sampling risk For audit sampling purposes the individual items making up the population which is being sampled are referred to: a Sampling units b Sampling blocks c Sampling transactions d Sampling stratifications When an entity is not able to continue in future and it does not disclose this in financial statements, it is a clear violation of: a Substance over form b Accrual basis c Prudence concept
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