Below Are Statements or Examples Related to Audit Sampling Applications

question 86

Short Answer

Below are statements or examples related to audit sampling applications.Indicate,using the correct letter,which concept is most closely associated with the statement or example.Each concept may be related to more than one statement or example.
A.Statistical sampling.
B.Nonstatistical sampling.
C.Sampling risk.
D.Nonsampling risk.1___.Jones,CPA,selected a sample and evaluated the results of her sample using the laws of probability.2___.Wilson,CPA,checked to see if any signature was in the credit approval box on a sample of sales orders rather than looking for only authorized signatures.3___.Based on a statistical sample,Jackson,CPA,concluded the client's control was functioning effectively when the deviation rate in the population was actually unacceptable.4___.Barnum,CPA,selected all invoices over $1,000 and all invoices recorded on the 15th of each month for his sample.5___.When a client could not produce an invoice for a sample selected by the auditor,the auditor accepted the client's assurance that the invoice contained the appropriate approval.

---

Definitions:

Chronic Early Stress

Prolonged exposure to stressful conditions or events during the early stages of life, potentially leading to long-term psychological and physical health issues.

Prefrontal Cortex

A region of the brain implicated in planning complex cognitive behavior, personality expression, decision making, and moderating social behavior.

Reflexive Smile

An involuntary smile, often seen in babies, which does not necessarily occur in response to external stimuli.

Effortful Control

The ability to regulate one's behavior through conscious control as opposed to automatic or instinctive reactions.