Auditors Have a Variety of Sampling Approaches Available

question 74

Multiple Choice

Auditors have a variety of sampling approaches available.For each approach in the first column,identify the correct statement in the second column.Each statement may be used once,more than once,or not at all.
-Difference estimation sampling.

• A)A method that is most effective in circumstances in which auditors expect a very low rate of occurrence of some critical deviation (e.g. ,a fraudulent cash disbursement).
• B)A classical method that uses both the audited and book values of items in the sample to obtain an estimated total audited value.
• C)The most frequently used general method that arrives at an estimated deviation rate.
• D)A method that defines the sampling unit as each individual dollar.
• E)A classical variables sampling plan enabling the auditors to estimate the average dollar value (or other variable)of items in a population by determining the average value of items in a sample.

Learn about the consequences of accepting checks written for more than the amount due and the practice of giving cash back.

Understand the importance of confidentiality and privacy laws in relation to client records and the ethical considerations for students accessing such records.

Identify and differentiate between various methods of documentation (e.g., narrative charting, problem-oriented recording, SOAP, PIE, focus charting) and their uses in nursing.

Recognize the significance of accurate and objective documentation in client records for ensuring quality care and legal protection.

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