Which of the Following Is an Audit Sampling Approach

question 54

Multiple Choice

Which of the following is an audit sampling approach?

• A) The auditor identifies all items greater than $10 000 from the cash receipts journals and tests 50 per cent of these items.
• B) The auditor randomly selects 10 per cent of the items from a cash receipts journal, for vouching back to supporting documents.
• C) The auditor identifies all cash receipts from a particular customer and tests 50 per cent of these items.
• D) All of the above.

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Definitions:

Reconciliation Phase

A period in a relationship where parties work towards resolving differences and restoring harmony after conflict or separation.

Economic Hardship

Financial difficulties experienced by individuals or families that make it hard to meet basic needs such as food, shelter, and healthcare.

Homelessness

The condition of lacking a stable, permanent, and adequate place to live.

Child Support

Financial contributions legally required from a non-custodial parent to support their child or children's upbringing and welfare.