Using Embedded Audit Routine Technology,an Auditor May Program a Module

question 74

Multiple Choice

Using embedded audit routine technology,an auditor may program a module so that the test limits can be altered as desired.This approach has been termed

• A) sample audit review file.
• B) in-line coding.
• C) system control audit review file.
• D) off-line auditing.

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Definitions:

Type II Error

The error that occurs when a hypothesis test fails to reject a false null hypothesis, also known as a false negative.

Level Of Significance

The threshold for determining whether a statistical result is not due to chance, often set at 0.05 or 5% in many scientific studies.

Sample Size

The amount of observations or data points obtained from a population for statistical analysis purposes.

Level Of Significance

The threshold for rejecting the null hypothesis in a statistical test, often denoted by alpha and representing the risk of a Type I error.