Factors Affecting the Persuasiveness of an Audit Sample Size and Items

question 54

Multiple Choice

Factors affecting the persuasiveness of an audit sample size and items to select relate to:

• A) proper selection of the items in the sample.
• B) adequate sample size.
• C) sufficiency of the evidence.
• D) all of the above

---

Definitions:

Accounts Payable

Short-term liabilities or money owed by a company to its creditors or suppliers for goods and services that have been delivered but not yet paid for.

Merchandise Inventory

Goods that a retailer, wholesaler, or distributor holds for the primary purpose of selling to customers.

General Journal

A primary accounting record used to document all business transactions in chronological order.

Error In Billing

Mistakes or inaccuracies in the amount charged on an invoice or billing statement.