Question: 1
Which of the following factors would increase the confidence level in a variables sampling plan?
i. A larger sample size
ii. A stratified sample
iii. A larger standard deviation
Question: 2
A fast food company is developing a computer simulation involving arrival time at a drive through restaurant. The distribution for arrival times is Time Between Arrivals Probability Single Digit Random Number Assigned
Six random numbers are selected to represent the arrival of six cars 1, 6, 9, 0, 5, 6. The mean time between arrivals for these cars, in this run of the simulation model, is
Question: 3
An internal auditor is discussing an audit problem with an engagement client. While listening to the client, the internal auditor should
Question: 4
An auditor used a questionnaire during an interview to gather information about the nature of credit sales processing. The questionnaire did not cover some pertinent information offered by the person being interviewed, and the auditor did not document the potential problems for further investigation. The primary deficiency with the above process is that
Question: 5
Checklists used to assess audit risk have been criticized for all of the following reasons except
