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State statement tolerable deviation rate varies inversely

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Reference no: EM132480026

For each of the following independent statements, state whether you agree or disagree with the statement and explain your answer.

Required

Question 1: The tolerable deviation rate varies inversely with sample size.

Question 2: Inspection of signatures on time cards is an example of attribute sampling.

Question 3: Sampling error occurs when an auditor incorrectly interprets the results of the sample.

Question 4: Statistical and non statistical sampling allow the auditor to quantify sampling risk.

Question 5: It is the auditor's responsibilities to ensure that an external expert engaged to support that audited financial statements has the appropriate qualifications and reputation within their field of expertise.

Reference no: EM132480026

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