审计与保证服务：一种整合的方法(14版)题库chap

1、Chapter 17Multiple-Choice Questions1.Sampling used for tests of details provides results in terms of:easya.exception rates.cb.percentages.c.dollars.d.expectation rates.2.Both sampling and nonsampling risks are associated with:EasydTests of controls.Substantive tests of transactions.a.YesYesb.NoNoc.Y

2、esNod.NoYes3.Tolerable misstatements for overstatements and understatements:easya.may be different amounts.ab.must be different amounts.c.must be set at the same amount.d.must be expressed in percentages.4.Monetary-unit sampling is most commonly used when:easya.several exceptions are expected.db.a d

3、ollar result is desired.c.the population data are maintained on manual files.d.the auditor is searching for understatements only.5.Monetary-unit sampling is not particularly effective at detecting:easya.overstatements.bb.understatements.c.errors in current assets.d.errors in noncurrent assets.6.Test

4、s for rates of occurrence are appropriately used in all but which of the following situations?EasycTesting of internal controlsSubstantive testing of transactionsSubstantive testing of details of balancesa.YesYesYesb.NoYesYesc.YesYesNod.NoNoYes7.Which of the following is not a type of statistical me

5、thod that provides results in dollar terms?easya.Variables sampling.bb.Attributes sampling.c.Monetary-unit sampling.d.Sampling with probability proportional to size.8.Which of the following is not a term relevant to sampling for tests of details?easya.Acceptable risk of incorrect rejectiondb.Analysi

6、s of misstatementsc.Estimate misstatements in the populationd.Define the exception conditions9.When auditors sample for tests of details of balances, the objective is to determine whether the:easya.account balance being audited is fairly stated.ab.transactions being audited are free of misstatements

7、.c.controls being tested are operating effectively.d.transactions and account balances being audited are fairly stated.10.easyThe auditor must consider the possibility that the true population misstatement is greater than the amount of misstatement that is tolerable when the auditor is performing:dN

8、onstatistical sampling.Monetary-unit sampling.a.YesYesb.NoNoc.YesNod.NoYes11.What is the purpose of applying stratified sampling to a population?EasydTo avoid items that may contain misstatementsTo emphasize certain items and deemphasize othersa.YesYesb.NoNoc.YesNod.NoYes12.mediumIf an auditor desir

9、es a greater level of assurance in auditing a balance, the acceptable risk of incorrect acceptance:aa.is reduced.b.is increased.c.is not changed.d.may be reduced or increased depending upon other circumstances.13.Which of the following is not a likely item on which to apply stratification techniques

10、? mediuma.aging of accounts receivablecb.dollar value of accounts receivablec.customer names of account receivablesd.number of sales per customer in a period14.mediumIn estimating the population misstatement, the first step in projecting from the sample to the population is to:aa.make a point estima

11、te.b.revise the upper error bound.c.calculate the precision interval.d.determine the population mean.15.Tolerable misstatement is used to:MediumccDetermine sample size.Select the sample.Evaluate results.a.YesYesNob.NoYesNoc.NoNoYesd.YesNoYes16.The relationship between required sample size and the ac

12、ceptable risk of incorrect acceptance is:portional.d.indeterminate.17.The final step in the evaluation of the audit results is the decision to:mediuma.accept the population as fairly stated or to require further action.ab.determine sampling error and calculate the esti

13、mated total population ject the point estimate.d.determine the error in each sample.18.The most commonly used method of statistical sampling for tests of details of balances is:mediuma.attributes sampling.db.systematic sampling.c.discovery sampling.d.monetary-unit sampling.19.mediumWhich

14、of the following does not have to be considered in determining the initial sample size of a test of details?ba.tolerable misstatementb.acceptable risk of incorrect rejectionc.estimate of misstatements in the populationd.acceptable audit risk20.mediumbIf an auditor concludes that internal controls ar

15、e likely to be effective, the preliminary assessment of control risk can be reduced, leading to a(n) _ the acceptable risk of incorrect acceptance.a.reduction inb.increase inc.elimination ofd.increase or decrease21.mediumWhen using monetary-unit sampling, the recorded dollar population is a definiti

16、on of all the items in the:aa.population.b.population which the auditor has included in the sample.c.population which contain errors.d.sample which contain errors.22.If acceptable audit risk is increased, ARIA should be:mediuma.increased.ab.reduced.c.unaffected.d.modified.23.As the acceptable risk o

17、f incorrect acceptance is reduced, the required sample size _.mediuma.increasesab.decreasesc.is unaffectedd.increases or decreases24.The acceptable risk of incorrect acceptance is most related to:mediuma.audit efficiency.cb.audit results.c.audit effectiveness.d.audit estimation.25.mediumIn monetary-

18、unit sampling, the relationship between tolerable misstatement size and required sample size is:ba.direct.b.inverse.c.varied.d.indeterminable.26.mediumThe risk the auditor is willing to take of accepting a balance as correct when the true misstatement in the balance under audit is greater than the t

19、olerable misstatement is:ca.the upper bound.b.the tolerable risk.c.the acceptable risk of incorrect acceptance.d.the lower bound.27.mediumAs the amount of misstatements expected in the population approaches tolerable misstatement, the planned sample size will:ba.decrease.b.increase.c.vary based on c

20、haracteristics of the population.d.be unaffected.28.mediumWhich of the following is the auditor least likely to consider when estimating misstatements in the population?da.Prior experience with the client.b.Results of current year tests of controls.c.Results of analytical procedures already performe

21、d.d.Acceptable audit risk.29.mediumAn accounts receivable population contains a total of four customers. The accounts, the amounts, and the cumulative total are shown below. Monetary-unit sampling is to be used.cAccountRecordedCumulativeNameAmount TotalBlue$ 357$ 357Brown 281 638Gray 60 698Green 574

22、 1,272Based on the information above, the population size is:a.4.b.574.c.1,272.d.$2,684.30.mediumaAn auditor using nonstatistical sampling cannot formally measure sampling error and therefore must subjectively consider the possibility that the true population misstatement exceeds a tolerable amount.

23、 Which of the following factors should be considered by the auditor in making this assessment?The dollar difference between the point estimate and tolerable misstatement.The extent to which items in the population have been audited 100 percent.a.YesYesb.NoNoc.YesNod.NoYes31.mediumWhen using systemat

24、ic selection procedures with monetary-unit sampling of accounts receivable, the interval is determined by:ba.consulting a random number table.b.dividing the population size by the desired sample size.c.dividing the sample size by the account with the largest dollar value.d.dividing the population si

25、ze by the account receivable with the largest dollar value.32.mediumbIn a probability proportional to size (PPS) sample, all population physical audit units with an amount equal to or greater than the amount of the interval will automatically be included in the sample if the auditor uses:a.random se

26、lection.b.systematic selection.c.block selection.d.stratified selection.33.Monetary unit sampling is also referred to as all of the following except: mediuma.attribute sampling.ab.dollar unit sampling.c.cumulative monetary amount sampling.d.sampling with probability proportional to size.34.mediumThe

27、 appropriate assumption to make regarding the overall percent of error in those population items containing an error is:ca.determined using random number tables.b.set after a quantitative analysis of clients internal control system.c.based on the auditors personal judgment in the circumstances.d.bas

28、ed on statistical analysis using confidence limits.35.When errors are found, a common assumption in practice is to assume:mediuma.a 100% assumption for all errors.db.that the population errors are larger than the sample errors.c.that the population errors are smaller than the sample errors.d.that th

29、e actual sample errors are representative of the population errors.36.mediumWhich of the following does not need to be considered when the auditor generalizes from the sample to the population?bAcceptable risk of incorrect acceptance.Acceptable risk of incorrect rejection.a.YesYesb.NoNoc.YesNod.NoYe

30、s37.mediumdThe auditor must deal with layers of the computed upper deviation rate from the attributes table because there are different error assumptions for each error. Assume a sample of 100 had found one error, and the computed upper deviation rate is shown in the following table:NumberUpper Prec

31、isionof ErrorsLimit from Table 0 .023 1 .038The precision limit for the layer with one error is:a.2.3%.b.3.8%c.6.1%.d.1.5%.38.Which balance-related audit objective cannot be assessed using monetary unit sampling?mediuma.Accuracy.bb.Completeness.c.Existence.d.All of the above can be assessed using mo

32、netary unit sampling.39.The confidence limits in variables sampling are similar to the monetary-unit samplings:mediuma.point estimate.bb.misstatement bounds.c.standard deviation.d.standard error of the mean.40.mediumThe method used to measure the estimated total error amount in a population when the

33、re is both a recorded value and an audited value for each item in the sample is:aa.difference estimation.b.mean-per-unit estimation.c.ratio estimation.d.monetary-unit sampling.41.mediumThe variables sampling method which generally results in smaller sample sizes than any other method is:ba.ratio est

34、imation.b.difference estimation.c.monetary-unit sampling.d.mean-per-unit estimation.42.mediumThe auditor is concerned with the audited value rather than the error amount of each item in the sample when using:ba.difference estimation.b.mean-per-unit estimation.c.ratio estimation.d.monetary-unit sampl

35、ing.43.PPS samples can be obtained in an efficient manner using all but which of the following?mediuma.Hand selection by the auditor.ab.Computer software.c.Random number tables.d.Systematic sampling techniques.44.Which of the following items is not needed to apply MUS?mediumaA point estimate for mis

36、statements.A sample size.An estimated error rate.a.NoYesNob.YesNoYesc.NoYesYesd.YesNoNo45.mediumaWhile performing a substantive test of details during an audit, the auditor determined that the sample results supported the conclusion that the recorded account balance was materially misstated. It was,

37、 in fact, not materially misstated. This situation illustrates the risk of:a.incorrect rejection.b.incorrect acceptance.c.assessing control risk too low.d.assessing control risk too high.46.challengingbWhile performing a substantive test of details during an audit, the auditor determined that the sa

38、mple results supported the conclusion that the recorded account balance was materially misstated. Which of the following is not likely to be an acceptable reaction to this discovery?a.Perform expanded audit tests in the relevant areasb.Increase detection risk in the relevant areasc.Increase the samp

39、le sized.Take no action until tests of other audit areas are completed47.When selecting a stratified sample, the sample size is:challenginga.determined for the unstratified population and then apportioned to each stratum.bb.determined for each stratum and selected from that stratum.c.determined for

40、each stratum and selected randomly from the entire unstratified population.d.always larger than if unstratified sampling had been used.48.An auditor using nonstatistical sampling cannot:Challengingcdetermine a point estimate for the population.mathematically measure the precision of the point estima

41、te.a.YesYesb.NoNoc.YesNod.NoYes49.challengingIn monetary-unit sampling, the values of the estimated likely maximum misstatements are referred to as the:da.point estimates.b.precision intervals.c.confidence intervals.d.misstatement bounds.50.challengingWhen using monetary-unit sampling, evaluating th

42、e likelihood of unrecorded items in the population is:ba.unnecessary.b.impossible.c.possible but difficult.d.an automatic outcome of the process.51.challengingAcceptable risk of incorrect rejection affects auditors action only when they conclude that a population is:ca.fairly stated.b.acceptable.c.n

43、ot fairly stated.d.acceptable after certain adjustments.52.The statistical methods used to evaluate monetary-unit samples: challenginga.neither exclude nor include units twice.bb.permit the inclusion of a unit in the sample more than once.c.do not permit a unit to be included in the sample more than

44、 once.d.ignore the possibility that a unit may be included in a sample more than once.53.Which of the following is not a problem with monetary-unit selection?challenginga.Population items with a zero recorded balance.bb.Population items that should have a zero balance but do not.c.Accounts with nega

45、tive balances.d.Accounts with small recorded balances that are significantly understated.54.challengingbThere are many kinds of statistical estimates that an auditor may find useful, but basically every accounting estimate is either of a quantity or of an error rate. The statistical terms that rough

46、ly correspond to “quantities” and “error rate,” respectively, are:a.attributes and variables.b.variables and attributes.c.constants and attributes.d.constants and variables.55.challengingIf the auditor believes that there will be more than just a few exceptions discovered, and desires an accurate es

47、timate of the dollar value of the exceptions, he or she will use:da.attributes sampling.b.monetary-unit sampling.c.block sampling.d.variables sampling.56.challengingWhile acceptable risk of incorrect acceptance is always important, the risk of incorrect rejection is important only when there is a _

48、cost to increasing the sample size.aa.highb.lowc.moderated.marginal57.Which of the following is not a disadvantage of monetary-unit-sampling?challenginga.It may be difficult to select samples from large population without computer assistance.bb.The total misstatement bounds resulting when misstateme

49、nts are found may be too low to be useful to the auditor.c.The total misstatement bounds resulting when misstatements are found may be too high to be useful to the auditor.d.Each of the above is a disadvantage.58.challengingCalculating the sample size using monetary-unit-sampling depends on which of

50、 the following factors?aassumptions of the average percent of misstatement for population items that contain misstatementsrecorded population valuea.YesYesb.NoNoc.YesNod.NoYes59.challengingStratified sampling is applicable to difference, mean-per-unit, and ratio estimation, but it is most commonly u

51、sed with:da.ratio estimation.b.discovery sampling.c.difference estimation.d.mean-per-unit estimation.60.challengingAn important statistic to consider when using a statistical sampling audit plan is the population variability. The population variability is measured by the: ba.sample mean.b.standard d

52、eviation.c.standard error of the sample mean.d.estimated population total minus the actual population.61.challengingWhich of the following sampling plans would be designed to estimate a numerical measurement of a population, such as a dollar value?da.Numerical sampling.b.Discovery sampling.c.Sampling for attributes.d.Sampling for variables.62.challengingUsing statistical sampling to assist in verifying the year-end accounts payable bal