An Auditor Is Examining an Important Internal Control in His

question 31

Multiple Choice

An auditor is examining an important internal control in his audit of ABC Company.Because the account balance affected by this control is highly susceptible to fraud,she will reject the sample if even one deviation is discovered.What type of sampling plan should she use

• A)Attributes sampling.
• B)Discovery sampling.
• C)Sequential sampling.
• D)Statistical sampling.

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Definitions:

Store's Personality

Refers to the unique set of characteristics, attributes, and traits that differentiate a retail store, making it appealing to certain customers.

Utilization of Space

The process or manner in which an area or volume is used or managed.

Fresh Produce

Refers to fruits and vegetables that have not been processed or preserved, often consumed for their nutritional value and freshness.

Cookie Aisle

The section in a grocery store or supermarket that is dedicated to selling various types of cookies and related snacks.