For Which of the Following Audit Procedures Would Sampling Be

question 116

Multiple Choice

For which of the following audit procedures would sampling be most appropriate?

• A)Inquiry.
• B)Observation.
• C)Confirmation.
• D)Analytics.

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Definitions:

Scientific Management

Frederick Taylor’s system for using research to determine the optimum degree of specialization and standardization of work tasks.

Team-based Pay

A compensation system where remuneration is based on the performance of a team rather than individual achievements.

Performance Programs

Structured initiatives designed to improve the performance of individuals or groups within an organization through targeted activities and assessments.

Operational Outcomes

Operational outcomes refer to the tangible and measurable results stemming from the operational activities of an organization, affecting its efficiency and effectiveness.