Which of the Following Statements Is Correct Regarding an Audit

question 20

Multiple Choice

Which of the following statements is correct regarding an audit team's documentation requirements for attributes sampling?

• A)The audit team's conclusions do not need to be documented unless they decide to rely on internal control at planned levels.
• B)The audit team should document information regarding the number of deviations and sample deviation rate,but not the allowance for sampling risk.
• C)The audit team's documentation should include information about the control environment,including an assessment of management's integrity.
• D)The audit team's documentation should include information regarding all steps of the sampling process and implications of the conclusions reached on internal control reliance and substantive procedures.

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Definitions:

Identification

The process of associating oneself closely with other individuals and their characteristics or adopting aspects of their identity into one’s own personality.

Isolation

The state of being separated from others, which can be physical, social, or emotional, often leading to feelings of loneliness or separation.

Adolescent Search

The process through which adolescents explore and examine their identity, values, and beliefs to define their personal sense of self.

Identity

A person’s sense of self that is developed over time, incorporating elements of personality, values, beliefs, and social roles.