-18%

Auditing A Risk Based Approach To Conducting A Quality Audit 10th Edition By Johnstone – Test Bank

Original price was: $55.00.Current price is: $45.00.

{
“@context”: “https://schema.org/”,
“@type”: “Product”,
“name”: “Auditing A Risk Based Approach To Conducting A Quality Audit 10Th Edition By Johnstone – Test Bank”,
“image”: “http://testbank.llc/wp-content/uploads/2023/02/Auditing-A-Risk-Based-Approach-To-Conducting-A-Quality-Audit-10Th-Edition-By-Johnstone-–-Test-Bank.jpg”,
“description”: “Test Bank for Auditing A Risk Based Approach 11th Edition. Duration: Unlimited downloads, Delivery: Instant Download. 100% Secure Payment.”,
“brand”: {
“@type”: “Brand”,
“name”: “Auditing”
},
“sku”: “AASA553”,
“offers”: {
“@type”: “Offer”,
“url”: “https://testbank.llc/auditing-a-risk-based-approach-11th-edition-by-johnstone-test-bank/”,
“priceCurrency”: “USD”,
“price”: “30”,
“priceValidUntil”: “2025-04-17”,
“availability”: “https://schema.org/InStock”,
“itemCondition”: “https://schema.org/NewCondition”
},
“aggregateRating”: {
“@type”: “AggregateRating”,
“ratingValue”: “4.8”,
“bestRating”: “5”,
“worstRating”: “1”,
“ratingCount”: “260”
}
}

Compare
Add to wishlist
Description

Auditing A Risk Based Approach to Conducting A Quality Audit 10th Edition By Johnstone – Test Bank

Chapter 8 – Specialized Audit Tools: Sampling and Generalized Audit Software

1. Audit sampling implies the gathering of evidence to use as a basis for making valid inferences about the characteristics of the population as a whole without examining every transaction.

a. True
b. False

 

ANSWER:   True
POINTS:   1
LEARNING OBJECTIVES:   AUDT.JOHN.16.123 – Objectives of Audit Sampling
STATE STANDARDS:   United States – AK – AACSB-Analytical skills
United States – AK – AICPA BB-Critical thinking

 

2. Audit sampling is the application of an audit procedure to less than 100 percent of the items within an account balance or class of transactions for the purpose of evaluating some characteristic.

a. True
b. False

 

ANSWER:   True
POINTS:   1
LEARNING OBJECTIVES:   AUDT.JOHN.16.123 – Objectives of Audit Sampling
STATE STANDARDS:   United States – AK – AACSB-Analytical skills
United States – AK – AICPA BB-Critical thinking
3. When performing substantive tests using sampling methods, the auditor’s main concern is the risk of incorrect rejection.

a. True
b. False

 

ANSWER:   False
POINTS:   1
LEARNING OBJECTIVES:   AUDT.JOHN.16.124 – Risks Associated with Sampling
STATE STANDARDS:   United States – AK – AACSB-Analytical skills
United States – AK – AICPA BB-Critical thinking

 

4. The risk of incorrect acceptance of an account balance as correct, when in fact it is not correct, bears directly on the effectiveness of an audit.

a. True
b. False

 

ANSWER:   True
POINTS:   1
LEARNING OBJECTIVES:   AUDT.JOHN.16.124 – Risks Associated with Sampling
STATE STANDARDS:   United States – AK – AACSB-Analytical skills
United States – AK – AICPA BB-Critical thinking

 

5. The tolerable misstatement is the confidence level needed to infer population values.

a. True
b. False

 

ANSWER:   False
POINTS:   1
LEARNING OBJECTIVES:   AUDT.JOHN.16.125 – Using Sampling to Test Account Balances and Assertions
STATE STANDARDS:   United States – AK – AACSB-Analytical skills
United States – AK – AICPA BB-Critical thinking
6. Statistical sampling is used when an auditor chooses to examine all purchases of equipment exceeding $1,000.00 and to test the remaining items by analytical procedures.

a. True
b. False

 

ANSWER:   False
POINTS:   1
LEARNING OBJECTIVES:   AUDT.JOHN.16.126 – Non-statistical vs. Statistical Sampling
STATE STANDARDS:   United States – AK – AACSB-Analytical skills
United States – AK – AICPA BB-Critical thinking

 

7. The most efficient method of testing a large population is the use of non-statistical sampling.

a. True
b. False

 

ANSWER:   False
POINTS:   1
LEARNING OBJECTIVES:   AUDT.JOHN.16.126 – Non-statistical vs. Statistical Sampling
STATE STANDARDS:   United States – AK – AACSB-Analytical skills
United States – AK – AICPA BB-Critical thinking

 

8. Statistical sampling assists auditors in determining the sufficiency of evidence gathered.

a. True
b. False

 

ANSWER:   True
POINTS:   1
LEARNING OBJECTIVES:   AUDT.JOHN.16.126 – Non-statistical vs. Statistical Sampling
STATE STANDARDS:   United States – AK – AACSB-Analytical skills
United States – AK – AICPA BB-Critical thinking

 

9. When testing controls, the use of haphazard selection of a sample allows for random, statistical evaluation.

a. True
b. False

 

ANSWER:   False
POINTS:   1
LEARNING OBJECTIVES:   AUDT.JOHN.16.127 – Attribute Sampling
STATE STANDARDS:   United States – AK – AACSB-Analytical skills
United States – AK – AICPA BB-Critical thinking
  1. The tolerable failure rate is the level at which the control’s failure to operate would cause the auditor to conclude that the control is not effective and would likely change the auditor’s planned assessment of control risk in performing tests of account balances..
a. True
b. False

 

ANSWER:   True
POINTS:   1
LEARNING OBJECTIVES:   AUDT.JOHN.16.127 – Attribute Sampling
STATE STANDARDS:   United States – AK – AACSB-Analytical skills
United States – AK – AICPA BB-Critical thinking
How You Will Get Your Product?

After making the purchase, you will get the activation license Instantly


Step 1: Instant Access to Your Purchase

  1.      The official product download link
  2.      We will provide you the original key to activate the product without any issues.

Step 2: License Key Format

  1. License Key format :
    1. License Number: XXXX-XXXX-XXXX-XXX
    2. Product number: XXX-XXX

Certified QuickBooks ProAdvisor services!

We offer Intuit ProAdvisor licenses registered under our company. With our QuickBooks ProAdvisor licenses, you'll receive the full benefits of an authentic Intuit license. Your software and company data/files remain secure and stored on your computer at your designated work location. As it's a desktop version, not online, no remote access to your data/files is possible.