An Audit Program

question 67

Multiple Choice

An audit program:

• A) normally exists for each component of the audit.
• B) always includes a list of the audit procedures.
• C) usually includes sample sizes, items to select, and the timing of the tests.
• D) all of the above

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Definitions:

Standard Deviation

Indicates how dispersed the values in a data set are, relative to the mean of the set.

Chi-Square Values

Statistical measures used in hypothesis testing, especially to determine whether categorical variables are independent.

Interval Estimation

A range of values, calculated from sample data, that is likely to contain the value of an unknown population parameter.

Test Statistic

A value, derived from sample data, used in hypothesis testing to determine whether to reject the null hypothesis.