random sample selection.

computerized sample selection.

statistical sampling.

systematic sample selection.

population.

planning stage

sample.

financial statements.

proper supervision and instruction of the audit team.

the use of attributes sampling rather than variables sampling.

controls which ensure that the sample drawn is random and representative.

proper supervision and instruction of the client’s employees.

Did not prepare a bank reconciliation which is supposed to be prepared monthly

The company does not use passwords when logging on to the computer system

Supervisor has signed an invoice after thoroughly reviewing it.

Monetary errors in populations of transaction data.

Monetary errors in populations of account balance details.

Deviations from client’s budgeted values.

Deviations from client’s established control procedures.

the appropriateness of the accounting policies and the disclosure thereof

the total income for the current financial year is N$18 billion

statutory requirements and regulations

the possibility of the occurrence of illegal transactions

none of the above-mentioned.

Reliability of financial reporting.

Efficiency of operations.

Compliance with applicable laws and regulations.

Effectiveness of operations.

a.     Risky areas are foreseen and appropriately

a.     The appropraite audit team is assembled.

a.     All of the above options

a.     Work performed by other auditors and experts is properly co-ordinated

a.     To enable an auditor to agree a fee with a client

controls can be circumvented when two persons collude

controls are designed to address routine transactions and not abnormal transactions

none of the above-mentioned.

human judgement can be faulty

only cost effective controls can be implemented