Which of the Following Approaches Can Be Used to Introduce

question 44

Multiple Choice

Which of the following approaches can be used to introduce unpredictability into the audit?

• A)Assessing high risk accounts.
• B)Performing procedures on an unannounced basis.
• C)Performing the audit in the same location each year.
• D)Selecting items that would normally be tested.

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Definitions:

Normally Distributed

A type of distribution in which data points are symmetrically distributed around the mean, forming a bell-shaped curve.

Standard Deviation

A measure that quantifies the amount of variation or dispersion of a set of values from the mean.

Finite Population Correction Factor

A factor applied in sample size formulae to adjust for the effect of sampling without replacement from a finite population.

Mean Salary

The average amount of money earned by employees in a specific job, industry, or region, calculated by summing all salaries and dividing by the number of employees.