Statistical Sampling Generally May Be Applied to Test Internal Control

question 82

Multiple Choice

Statistical sampling generally may be applied to test internal control when the client's internal control procedures:

• A)Depend primarily on appropriate segregation of duties.
• B)Are carefully reduced to writing and are included in client accounting manuals.
• C)Leave an audit trail in the form of evidence of compliance.
• D)Enable the detection of material fraud in the accounting records.

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Definitions:

Amateur Robbery

Unsophisticated or inexperienced criminal activities aimed at unlawfully obtaining goods, money, or other assets.

Professional Robbery

Robbery conducted by individuals who are skilled and methodical, treating the act as a profession rather than opportunistic crime.

Amateur Robbery

A robbery conducted by individuals without professional skills or experience in committing such crimes.

Violence Against

Actions or behaviors that involve force intended to harm, damage, or kill someone or something.