Which of the Following Audit Tests Form the Basis for an Auditor's

question 25

Multiple Choice

Which of the following audit tests form the basis for an auditor's report on internal control over financial reporting?

• A) analytical procedures
• B) tests of transactions
• C) tests of controls
• D) tests of details of balances

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Definitions:

Population Standard Deviation

A measure of the variability or dispersion of a population dataset, representing the square root of the variance.

Sample Size

The number of observations or data points collected in a subset of a population for the purpose of statistical analysis.

Employee Retention

Strategies or practices employed by organizations to prevent valuable employees from leaving their jobs.

Sampling Error

The difference between the value of a sample statistic (such as the sample mean, sample standard deviation, or sample proportion) and the value of the corresponding population parameter (population mean, population standard deviation, or population proportion) that occurs because a random sample is used to estimate the population parameter.