The steps in planning the sample are listed as follows:
A Define what errors are being sought
B Identify the population and sampling unit
C Determine the objectives of the test
D Decide the size of the sample
E Specify tolerable error, expected error and required confidence level
Which one of the following shows steps A through E in the correct order?
A) B, E, D, A and C.
B) C, A, D, E and B.
C) A, B, C, D and E.
D) C, A, B, E and D.
Correct Answer:
Verified
Q10: The least effective means of controlling non-sampling
Q11: The incorrect statement in relation to systematic
Q12: The risk of concluding control risk is
Q13: The justification for the wide use of
Q14: The sampling unit is:
A) the physical location
Q16: If the sample supports the conclusion that
Q17: An auditor may use sampling to obtain
Q18: The greatest impact on audit effectiveness comes
Q19: Whenever sampling is used in an audit
Q20: The critical difference between statistical and non-statistical
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