What is the definition of audit sampling based on PAS 530?

The F-test is sensitive to the assumption that the underlying samples are normally distributed. Select one: True False

The two types of sampling risks auditors face include the risk of incorrect acceptance and the risk of incorrect rejection. What do each of these mean and how will each impact the audit process and the audit results?

In determining the tolerable deviation rate for a test of controls, the auditors consider:   Their planned assessed level of control risk.   The sample size.   The nature of the test.   The expected deviation rate in the population.

how many types of Audit Evidence?

the reason why we use different materiality thresholds for different audits?

The two types of sampling risks that auditors face include the risk of incorrect acceptance and the risk of incorrect rejection. What do each of these mean and how will each impact the audit process and the audit results? Which is considered the more important risk?

Maya company has seen slow but steady growth over the past 10 years. Maya company started small, and all of the employees were family members. However, the business is now big enough that it is important to start setting up a more sophisticated internal control structure, including segregation of duties. What are the three specific functions that must be kept separate?

Which of the following components is not used in determining the upper limit on misstatements?a. Basic allowance for sampling risk.b. Incremental allowance for sampling risk.c. Projected misstatement.d. Tolerable misstatement

What is stratification? What are the benefits to the audit team of stratifying the sample?