As Part of the Audit of Sales,the Auditor Has Used

question 7

Multiple Choice

As part of the audit of sales,the auditor has used attribute sampling to select a sample of sales invoices.The auditor has examined the duplicate sales invoice to determine whether it was approved for credit.The client has a December year end.In October,the auditor conducted the interim audit and drew a sample of 40 items that covered the period from January to September.In order to be able to generalize to the sales population,the auditor should also

• A)select sample items from the rest of the year.
• B)increase the sample size in proportion to the total population size.
• C)use statistical methods to calculate sampling risk.
• D)use statistical methods to calculate nonsampling risk.

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Definitions:

Vertebral Column

Portion of the vertebrate endoskeleton that houses the spinal cord; consists of many vertebrae separated by intervertebral discs.

Dorsal Notochord

A flexible rod-shaped structure in the embryo of all chordates, including humans, that provides skeletal support and defines the primitive axis of the embryo.

Pharyngeal Pouches

Embryonic features that form structures of the face and neck in vertebrates.

Evolution

The process by which different kinds of living organisms are thought to have developed and diversified from earlier forms during the history of the earth.