Audit Sampling Would Be an Appropriate Method to Use on Which

question 120

Multiple Choice

Audit sampling would be an appropriate method to use on which one of the following procedures in an audit program?

• A) Review the aged schedule of accounts receivable to determine if receivables from officers are included.
• B) Review sales transactions for large and unreasonable amounts.
• C) Examine a sample of duplicate sales invoices for credit approval by the credit manager.
• D) Observe whether the duties of the accounts receivable clerk are separate from handling cash.

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Definitions:

Bachelor's Degree

An undergraduate academic degree awarded by colleges and universities upon completion of a course of study lasting three to seven years (depending on institution and academic discipline).

Associate's Degree

A two-year post-secondary degree awarded by community colleges, junior colleges, technical colleges, and some four-year institutions.

Data Collected

The gathering of information or facts from various sources for the purpose of analysis or making informed decisions.

Onset

The beginning or start of something, especially used in medical contexts to denote the initiation of symptoms or diseases.