Audit Sampling Is the Application of an Audit Procedure to Less

question 32

True/False

Audit sampling is the application of an audit procedure to less than 100 percent of the items within an account balance or class of transactions for the purpose of evaluating some characteristic.

---

Definitions:

Economic Development

The process through which a region improves the economic well-being and quality of life for its inhabitants.

Bureaucratic Organisation

A formal organizational structure defined by clear hierarchical levels, fixed roles, and a focus on rules and procedures.

Time And Motion Studies

The analysis of work processes through the observation and timing of tasks to improve efficiency.

Globalised World

A world where nations, economies, and cultures have become interconnected and interdependent due to globalization.