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Small expected misstatements
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A decrease in the tolerable misstatement
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An increase in the tolerable misstatement
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An increase in the acceptable risk of incorrect acceptance
In estimating the population misstatement, the first step in projecting from the sample to the population is to:-

revise the upper error bound.
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make a point estimate.
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determine the population mean.
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calculate the precision interval.
When the auditor uses tracing as an audit procedure for tests of transactions she is primarily concerned with which audit objective?-

Completeness
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Classification
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Occurrence
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Cutoff
An example of a document the auditor receives from the client, but which was prepared by someone outside the client’s organization, is a:-

confirmation.
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vendor invoice.
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sales invoice.
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bank reconciliation
13When auditors wish to evaluate a sample statistically, an acceptable selection method is:-

systematic sample selection.
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judgmental selection.
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block sample selection.
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haphazard selection
14The word below that best explains the relationship between required sample size and the acceptable risk of incorrect acceptance is:-

inverse.
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indeterminate.
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proportional.
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direct
15If acceptable audit risk is increased, acceptable risk of incorrect acceptance should be:-

reduced.
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increased.
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unaffected.
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modified.16
A sample in which the characteristics of the sample are the same as those of the population is a(n):-

variables sample.
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representative sample.
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attributes sample.
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random sample.
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