Sometimes an Audit Population May Be Sufficiently Small So That_______

question 51

Multiple Choice

Sometimes an audit population may be sufficiently small so that_______.

• A)the auditor can ignore the account in question
• B)the auditor can audit every item in the population
• C)the account in question can be outsourced to the internal audit function for auditing
• D)expressed written assurance from senior management pertaining to the account is satisfactory

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Definitions:

Functional Group

A collection of individuals grouped based on their specific role, expertise, or function within an organization, aiming to accomplish designated tasks.

Product, Project, or Program Group

A collective of individuals working together on a shared product development, specific project, or program, focusing on a common goal or outcome.

Matrix Structure

An organizational structure that combines two or more types of organizational structures, typically functional and divisional, to gain the benefits of both.

Supplier Group

A collection of businesses or individuals that provide goods or services to a particular sector, organization, or manufacturing process.