KEMBAR78
CHP 10 Tutorial Question | PDF
Scribd
Upload
8 views1 page

CHP 10 Tutorial Question

The document contains a series of tutorial questions focused on auditing practices, specifically regarding sampling techniques and concepts. Key topics include the rationale for using sampling, differences between judgmental and statistical sampling, and the management of sampling risk. Additionally, it covers various sampling methods such as attribute sampling and Monetary Unit Sampling (MUS), along with factors influencing sample size and the importance of tolerable deviation rates.

Uploaded by

Presana
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
8 views1 page

CHP 10 Tutorial Question

The document contains a series of tutorial questions focused on auditing practices, specifically regarding sampling techniques and concepts. Key topics include the rationale for using sampling, differences between judgmental and statistical sampling, and the management of sampling risk. Additionally, it covers various sampling methods such as attribute sampling and Monetary Unit Sampling (MUS), along with factors influencing sample size and the importance of tolerable deviation rates.

Uploaded by

Presana
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 1

Tutorial Questions

1. Explain why auditors use sampling in auditing.

2. Differentiate between judgmental sampling and statistical sampling.

3. What is sampling risk, and how does it differ from non-sampling risk?

4. What are the key factors that influence the sample size in auditing?

5. Describe the concept of a sampling unit and give an example.

6. What is the purpose of stratification in sampling, and when should it be used?

7. Explain how to manage sampling risk in an audit.

8. What are the main steps in the sampling process for an audit?

9. What is attribute sampling, and when is it used in auditing?

10. What is tolerable deviation rate, and why is it important in attribute sampling?

11. Explain the concept of Monetary Unit Sampling (MUS).

12. How does the auditor use MUS to test account balances?

13. What are the advantages and disadvantages of Probability Proportionate to Size (PPS)
sampling?

14. What is non-sampling risk, and how can auditors reduce it?

15. How do auditors project misstatements found in a sample to the overall population?

You might also like