When Statistical Sampling Methods Are Used by the Client in Determining

question 12

Multiple Choice

When statistical sampling methods are used by the client in determining inventories, professional standards require that the auditor ascertain the following except that the:

• A) sampling plan has statistical validity.
• B) sampling plan has been properly applied.
• C) results in terms of reliability are reasonable.
• D) appropriate tests of transactions have been applied.
• E) results in terms of precision are reasonable.

Analyze the importance and methods of benefit audits for organizational efficiency.

Understand the emerging trends in employee benefits and services.

Recognize the role of government in providing health and pension benefits.

Comprehend the implications of GST/HST on employee benefits.