An Auditor Selects a Sample from the File of Shipping

question 19

Multiple Choice

An auditor selects a sample from the file of shipping documents to determine whether invoices were prepared.This test is performed to assess which assertion for sales?

• A)Valuation and allocation.
• B)Completeness.
• C)Cut-off.
• D)Occurrence.

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Definitions:

Normally Distributed

Describes a data set whose distribution forms a symmetric, bell-shaped curve around the mean.

Top 10%

A term used to denote the upper 10 percentile of a data set or distribution, representing values higher than 90% of the others.

Hypothesized Population Mean

A specific value that represents the average outcome we propose or expect for a population in hypothesis testing.

Standard Deviation

A measure of the amount of variation or dispersion of a set of values, indicating how much the values in the data set deviate from the mean.