The Type of Sampling Most Frequently Used by Auditors During

question 9

Multiple Choice

The type of sampling most frequently used by auditors during their study of internal control is referred to as

• A) Attributes sampling.
• B) Control sampling.
• C) Monetary unit sampling.
• D) Variables sampling.

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Definitions:

Binomial Random Variable

A type of random variable that takes on a fixed number of trials, each with two possible outcomes.

Normal Curve

A symmetrical bell-shaped curve that describes the distribution of many types of data where most occurrences take place around the mean.

Continuity Correction

An adjustment made when approximating a discrete distribution with a continuous one, often applied in binomial and poisson distributions.

Binomial Distribution

A probability distribution that describes the number of successes in a fixed number of independent experiments, each with the same probability of success.