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Question 2 Selecting samples for testing from a population without a structured technique is termed...

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Accounting

Question 2 Selecting samples for testing from a population without a structured technique is termed a) Haphazard selection b) Random selection c) Systematic selection d) Stratification selection (10 Marks)2. The risk that the auditors conclusion based on a sample may be different from the conclusion if the entire population were subjected to the same procedure in termed: a) Non-sampling risk b) Inherent risk c) Statistical risk d) Sampling risk 3. Monetary amount set by auditor - should not be exceeded by the actual misstatement in the population is termed: a) A tolerable deviation b) Sampling error c) A tolerable misstatement d) A constituent of sampling risk 4. For audit sampling purposes the individual items making up the population which is being sampled are referred to: a) Sampling units b) Sampling blocks c) Sampling transactions d) Sampling stratifications 5..When an entity is not able to continue in future and it does not disclose this in financial statements, it is a clear violation of: a) Substance over form b) Accrual basis c) Prudence concept

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