When Planning the Audit Sample

question 99

Multiple Choice

When planning the audit sample,

• A) one objective of the tests of controls is to test the effectiveness of the controls.
• B) audit sampling applies to analytical procedures.
• C) audit sampling generally applies to automated controls.
• D) the auditor must generalize from the sample to the population.

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Definitions:

Internal Borders

Boundaries within a country that delineate regions, states, or territories for administrative purposes.

Wholly Owned Subsidiaries

Companies that are completely controlled by another company, the parent company, because the parent company owns all of their stock.

MNE

A Multinational Enterprise (MNE) is a company that owns and controls production or service facilities outside of the country in which it is based.

Forms

Documents with blank spaces for the insertion of details or information, often used for official purposes.