For which of the following audit tests is an auditor most likely to use attribute sampling?
A)Making an independent estimate of the amount of a FIFO inventory.
B)Examining invoices in support of the valuation of fixed asset additions.
C)Selecting accounts receivable for confirmation of account balances.
D)Inspecting employee time cards for proper approval by supervisors.

Question

Quizplus · Accepted Answer

Attribute sampling is used to test for the presence or absence of certain qualities or attributes in a sample of items. Inspecting employee time cards for proper approval by supervisors is an example of testing for a specific attribute (proper approval), making it the most likely scenario where attribute sampling would be used.

For Which of the Following Audit Tests Is an Auditor