Which of the following statements is correct concerning statistical sampling for tests of controls?
A) The population size has little or no effect on determining sample size except for very small populations.
B) The expected population deviation rate has little or no effect on determining sample size except for very small populations.
C) As the population size doubles, the sample size also should double.
D) For a given tolerable deviation rate, a larger sample size should be selected as the expected population deviation rate decreases.
Correct Answer:
Verified
Q30: The computed upper deviation rate is:
A)the maximum
Q31: As a result of tests of controls,
Q32: In determining the sample size for a
Q33: In attributes sampling, population size has little
Q34: An auditor is testing internal control procedures
Q36: A control is deemed to be more
Q37: Which of the following best describes the
Q38: For an attributes sampling plan, the tolerable
Q39: Which of the following factors does an
Q40: As a result of tests of controls,
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