If an Auditor Would Like to Estimate How Many Sales

question 77

Multiple Choice

If an auditor would like to estimate how many sales invoices have errors (such as no required order number showing or authorization for customers exceeding their credit limit) ,the auditor would likely use

• A)random sampling with replacement.
• B)sampling for attributes.
• C)sampling for variables.
• D)stratified random sampling.

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Definitions:

Critical Thinking Skills

The cognitive abilities used to analyze facts, generate and evaluate arguments, and synthesize information in order to arrive at well-founded conclusions.

Analyze Information

The process of examining data or information in detail in order to understand it better and draw conclusions.

Well-Reasoned Arguments

Arguments that are logically structured, clearly presented, and supported by solid evidence.

Reflective Way

A thoughtful approach or method characterized by meditation or serious thought about one's experiences and actions.