As the Auditor,you Are Assessing the Proper Sample Size to Use

question 28

Multiple Choice

As the auditor,you are assessing the proper sample size to use in testing controls.When using attributes sampling,which of the following is most correct?

• A)A 10% change in population size will have the least effect on sample size.
• B)A 10% change in the tolerable deviation rate will have the least effect on sample size.
• C)A 10% change in the expected deviation rate will have the least effect on sample size.
• D)A 10% change in the tolerable will have the least effect on sample size.

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Definitions:

Payoff Matrix

A payoff matrix is a table that shows the potential outcomes of different decisions made by one or more participants in a strategic situation, often used in game theory.

Credibility

The quality of being trusted and believed in, often based on a history of accuracy and reliability.

Dominant Strategy

In game theory, a strategy that is best for a player in a game regardless of the strategies chosen by the other players.

Game Trees

A graphical representation used to depict the outcomes of a game or decision-making process, showing different choices and their possible outcomes.