attribute sampling

Question 1

attribute sampling

Answer 1

testing transaction to test internal controls. need to define what is a deviation (error) or occurence-based on binomial distribution (hit or miss)

Question 2

need to decide how sample is going to be selected.for statistical sampling usually use ____selection of the sampling units

Answer 2

random

Question 3

for nonstatistical sampling you can use random or ____or_____. you cant use these for statistical sampling

Answer 3

block sampling-ex pullout the month of june

or

haphazard-no bias, this one or that one

Question 4

3 factors that affect sample size for attribute sampling

Answer 4

risk of over-reliance-type 2.(this equals (1-confidence) or 90%-inverse

expected deviation(error) rate(variability of population)-direct

tollerable deviation (error) rate(precision)-inverse

in addition to those three the auditor may consider risk of under reliance (implicit)(type 1)-inverse

population size (implicit)-direct

Question 5

attribute sampling=

variable or substantive testing=

Answer 5

internal control tests

numbers