Question

      The application of audit procedures to less than 100% of items within a population of audit relevance is:

    A Audit Procedure Correct Answer Incorrect Answer
    B Internal Control Correct Answer Incorrect Answer
    C Surprise Sampling Correct Answer Incorrect Answer
    D Audit Sampling Correct Answer Incorrect Answer
    E Trial and Error Sampling Correct Answer Incorrect Answer

    Solution

    Audit Sampling” means the application of audit procedures to less than 100% of items within a population of audit relevance such that all sampling units have a chance of selection in order to provide the auditor with a reasonable basis on which to draw conclusions about the entire population.

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