Which of the Following Factors Does an Auditor Generally Need

question 4

Multiple Choice

Which of the following factors does an auditor generally need to consider in planning a particular audit sample for a test of controls?

• A)Number of items in the population.
• B)Total dollar amount of the items to be sampled.
• C)Desired confidence level.
• D)Risk of assessing control risk too high.

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Definitions:

Keywords

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External Factor

An influence, condition, or variable that originates outside of an organization and can affect its performance and strategies.

Network of Contacts

A system or group of interconnected people that an individual can communicate with, usually for professional or personal advantage.

Statement of Objective

A clear, concise description of the goals or intended outcomes of a project, research, or activity.