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For Each of the Following Statements,indicate Whether It Is More

Question 81

Short Answer

For each of the following statements,indicate whether it is more closely related to attributes sampling or variables sampling by using the letter A (attributes)and V (variables).
___ 1.Used to allow the auditor to assess risk of material misstatement.
___ 2.Sampling risks include the risk of incorrect acceptance and risk of incorrect rejection.
___ 3.The population variability affects the sample size.
___ 4.The auditor's sample would include transactions or components comprising the account balance.
___ 5.Sampling risks include the risk of assessing control risk too high and the risk of assessing control risk too low.
___ 6.The auditor's sample would include potential applications of control policies and procedures.
___ 7.This type of sampling is influenced by the auditor's acceptable level of detection risk.

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1.A; 2.V; ...

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