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:

Reliability

The degree to which an instrument produces consistent results on repeated use.

Consistency

The uniformity and coherence in the texture, quality, or performance of a substance or process over time.

Licensing Examination

A test for the specific nursing group (e.g., registered nurse [RN], licensed practical nurse [LPN], registered practical nurse [RPN]) provided by the appropriate provincial or territorial regulatory authorities; successful candidates become licensed in that province or territory.

Nursing Employment

The occupation or profession of working as a nurse, which involves providing healthcare services to individuals, families, and communities.