In _________ Specific Items Are Selected Based on the Auditor's

question 49

Multiple Choice

In _________ Specific items are selected based on the auditor's knowledge about the population. Where as in ________ the probability of selecting each item in the population is known before the sample is chosen. Types of probability samples commonly used by auditors include:

• A) Random sample, Probability samples
• B) Stratified sample, Probability samples
• C) Judgment samples, Probability samples
• D) Probability samples, Stratified sample

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Definitions:

Promissory Note

A financial document in which one party (the maker) promises to pay another party (the bearer) a definite sum of money, either on a specific date or upon demand.

Indorsement

An alternative spelling for endorsement; the act of signing one's name on a document to validate it or transfer its ownership.

Tort of Conversion

A legal term referring to the wrongful possession or use of property without permission, effectively converting it from the owner's possession to the wrongdoer's.

Forge

To form or shape metal objects by heating and hammering, or to create or produce something with skill and careful attention.