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.

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Definitions:

Geographic Isolation

A situation where a population of species is physically separated from exchanging genetic material with other populations due to geographical barriers, leading to divergent evolution.

Reproductive Isolation

A set of mechanisms that prevent members of different species from producing offspring, or ensure that any offspring are sterile, thereby maintaining species boundaries.

Transgenic Organism

An organism that has been genetically modified to contain DNA from another species, allowing it to express traits not originally found in its genome.

Background Extinction

The natural rate at which species become extinct as part of earth's biological history, without human influence.