The auditor is more likely to use audit sampling when internal controls are strong and reliable data does not exist to support audit data analytics (ADA).
Correct Answer:
Verified
Q1: Probability Proportionate to Size (PPS) sampling is
Q2: The choice of statistical or non-statistical sampling
Q4: In some cases, it is feasible to
Q5: Professional judgment is needed in applying both
Q6: Audit sampling can be used for all
Q7: Probability Proportionate to Size (PPS) evaluation may
Q8: Control risk is the risk that the
Q9: Non-sampling risk is typically controlled by a
Q10: The tolerable misstatement is equal to or
Q11: Applying audit procedures is different for statistical
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents