A Sequential Sampling Plan Usually Consists of Two to Four

question 97

Multiple Choice

A sequential sampling plan usually consists of two to four groups.Once the auditor has considered control deviations in the first group of sampling units,he decides whether to

• A)accept the assessed level of control risk as planned,without examining additional sampling units
• B)stop sampling because the tolerable rate of deviation cannot be achieved
• C)examine additional sampling units because sufficient information to support the assessed level of inherent risk has not been found
• D)sample additional units until the tolerable rate of deviation is achieved
• E)examine additional sampling units because sufficient information to support the actual level of control risk has not been found
• F)both A and B
• G)both B and E
• H)both C and D

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Definitions:

Entity Theorist

An individual who believes that personal attributes, like intelligence or ability, are fixed and cannot be changed through effort.

Intelligence

The capacity for learning, understanding, and applying knowledge, including the ability to reason, plan, solve problems, think abstractly, and learn quickly.

Making Choices

The act of selecting an option from a set of alternatives.

Priorities

Refers to the things that are regarded as more important or given precedence in decision-making or resource allocation.