Which of the Following Characteristics of Samples Would Make the Sample

question 10

Multiple Choice

Which of the following characteristics of samples would make the sample more sufficient?

• A)Samples that contain at least one of each type of transaction that is in the population and have a high number of sample items.
• B)Samples that contain items with a high likelihood of error and have large dollar values as well as being representative of the population.
• C)Samples that contain multiple items from different layers of the population (strata)as well as all items that are above the materiality threshold.
• D)Samples that contain items that have a high likelihood of error as well as being related to the audit assertions that are being tested.

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Definitions:

Body of Report

The main section of a report containing the detailed information, analysis, and findings.

Proposal

A formal offer or plan put forward for consideration or discussion by others, often in a business or academic context.

Analysis of Action

The process of examining and breaking down activities to understand their components, purposes, and outcomes.

Anticipated Results

Expected outcomes or consequences of an action, experiment, or process, based on prior knowledge or hypotheses.