As the Auditor,you Are Assessing the Proper Sample Size to Use

question 28

Multiple Choice

As the auditor,you are assessing the proper sample size to use in testing controls.When using attributes sampling,which of the following is most correct?

• A)A 10% change in population size will have the least effect on sample size.
• B)A 10% change in the tolerable deviation rate will have the least effect on sample size.
• C)A 10% change in the expected deviation rate will have the least effect on sample size.
• D)A 10% change in the tolerable will have the least effect on sample size.

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Definitions:

Trade-off

A situation that involves losing one quality, aspect, or amount of something in return for gaining another quality, aspect, or amount.

Production Possibilities Frontier

A curve depicting all maximum output possibilities for two or more goods given a set of inputs, representing the trade-offs of producing one good over another.

Constant Rate

A fixed or unchanging value or pace at which a particular variable or condition progresses over time.

Mittens

Hand coverings which encase the four fingers together and the thumb separately, designed to provide warmth.