Which of the Following Statements Is True When Selecting a Sample

question 105

Multiple Choice

Which of the following statements is true when selecting a sample of invoices from a population to perform tests of controls?

• A)The audit team should select a few more items than needed to replace any cases in which an invoice is missing or destroyed.
• B)If the audit team wishes to use statistical sampling,either block or haphazard selection is appropriate.
• C)Computerized audit techniques can be used to define the population but not to select sample items.
• D)The audit team's goal in selecting a sample is to increase the likelihood that it is representative of the population.

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Definitions:

Ethical Tone

The overall mood or climate of an organization as it relates to ethics, set by leadership and reflected in the organization's culture and behavior towards ethical decision-making.

Responsibility

The state or fact of having a duty to deal with something or of having control over someone; accountability.

Social Audit

A systematic assessment of an organisation’s accomplishments in areas of social responsibility.

Resource Commitments

The allocation or dedication of organizational resources, such as time, money, and personnel, towards a specific project or objective.