A Sequential Sampling Plan Usually Consists of Two to Four

question 74

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 inherent 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 control 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 C
• G)both B and C
• H)both D and E

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Definitions:

Thirty Years' War

A series of conflicts in Central Europe between 1618 and 1648, primarily fought over religious freedom and territory, but also involving dynastic concerns.

Peace of Westphalia

A series of peace treaties signed in 1648 that ended the Thirty Years' War in Europe, marking a turning point in international law by recognizing the concept of national sovereignty.

1648

The year that marked the end of the Thirty Years' War in Europe with the signing of the Peace of Westphalia, leading to a new political and religious order.

Fundamental Conflicts

Core disagreements or confrontations that are basic or essential to the nature of a situation, often driving the narrative or outcome.