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C3653AZ/AUD3690 Governance, Audit And Assurance 1 (Year Module 2024) [FM ] [F]

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Which of the following statements about the process of defining the population is not correct?

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Sampling risk may be controlled by:

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A sample in which every possible combination of items in the population has an equal chance of constituting the sample is a:

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When the auditor decides to select less than 100 percent of the population for testing, the auditor is said to use:

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1.     An anomalous error is when the credit controller goes on leave and there is no one in the company authorizing credit sales:

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One cause of non-sampling risk is:

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1.     If the auditor has high maximum error in a population that he will be prepared to accept, whilst still reaching the conclusion that the result from the sample have  achieved the audit objective, the sample size should be.

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When the auditor goes through a population and selects items for the sample without regard to their size, source, or other distinguishing characteristics, it is called:

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1.     Random sampling is a type of non-statistical sampling method:

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1.     An error in a substantive procedure is when trade debtors have increased by 70% and management cannot explain the increase.

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