Audit Sampling MCQs 2026

Which statement about Sampling unit is correct

1. Aonly audit report page✓
2. Bonly firm letterhead✓
3. Cindividual item or monetary unit in population✓
4. Donly partner signature✓

Regarding Systematic selection in Audit Sampling, the accurate view is

1. Aonly items ending in 5 without plan✓
2. Balphabetical first page only✓
3. Conly round amounts✓
4. Dselecting every nth item from ordered population✓

Audit Sampling: Projecting misstatements can be defined as

1. Aignore sample errors always✓
2. Bextrapolating sample error to population✓
3. Creport only sample without projection✓
4. Dassume all population wrong✓

Regarding Dual-purpose sample in Audit Sampling, the accurate view is

1. Aonly control test without misstatement evaluation✓
2. Bdesigned to test controls and detect misstatements together✓
3. Conly substantive without control✓
4. Dforbidden under ISA✓

Non-statistical sampling in the context of Audit Sampling refers to

1. Ajudgment-based selection without statistical measurement of risk✓
2. Balways identical to statistical✓
3. Cforbidden under ISA✓
4. Drequires computer only✓

Which statement about Population in audit sampling is correct

1. Aonly selected items already known to be wrong✓
2. Bsample itself✓
3. Cauditor working papers only✓
4. Dcomplete set of items from which sample is drawn✓

Monetary unit sampling is best described as

1. Aeach invoice one vote regardless of value✓
2. Bonly smallest balances✓
3. Conly zero balance items✓
4. Dsampling where unit is currency amount weighted toward larger items✓

Variables sampling is best described as

1. Aonly yes-no deviation rate✓
2. Bestimating monetary amount of misstatement in population✓
3. Conly inquiry evidence✓
4. Donly walkthrough✓

Statistical sampling in the context of Audit Sampling refers to

1. Apure judgment with no method✓
2. Bonly haphazard selection without evaluation✓
3. Csampling using probability theory to quantify sampling risk✓
4. Dalways 100 percent testing✓

A key aspect of Sample size factors is that it involves

1. Adecrease when risk is high✓
2. Bunaffected by materiality✓
3. Calways fixed at ten items✓
4. Dincrease with higher risk larger population and tighter tolerable misstatement✓

Regarding Expected misstatement in Audit Sampling, the accurate view is

1. Aalways assume zero error✓
2. Bauditor expectation of error rate in population✓
3. Cignore prior year results✓
4. Dsame as materiality always✓

Random selection in the context of Audit Sampling refers to

1. Aalways pick first ten items✓
2. Bonly items manager suggests✓
3. Conly largest without randomness✓
4. Deach item has known chance of selection✓

Haphazard selection is best described as

1. Aalways pick easy items near desk✓
2. Bonly credit entries✓
3. Cselection without structured technique but avoiding bias✓
4. Donly items client recommends✓

A key aspect of Stratification is that it involves

1. Adividing population into subpopulations for separate sampling✓
2. Bmix all unlike items together always✓
3. Cignore high value stratum✓
4. Donly sample stratum with zero balance✓

Audit Sampling: Sampling risk can be defined as

1. Aeliminated by any sample✓
2. Bonly detection risk component✓
3. Crisk that conclusion based on sample differs from entire population✓
4. Dsame as business risk✓

Regarding Non-sampling risk in Audit Sampling, the accurate view is

1. Arisk auditor reaches wrong conclusion for reasons other than sample✓
2. Balways due to small sample only✓
3. Conly statistical risk✓
4. Dcannot occur with 100 percent test✓

Attribute sampling is best described as

1. Ameasuring dollar misstatement in accounts✓
2. Bestimating rate of deviations in control testing✓
3. Conly monetary projection✓
4. Donly analytical procedures✓

A key aspect of Sample evaluation is that it involves

1. Acomparing projected misstatement to tolerable misstatement✓
2. Baccept population without evaluation✓
3. Cignore projected error✓
4. Dnever revise sample plan✓

Audit sampling in the context of Audit Sampling refers to

1. Aapplication of audit procedures to less than 100 percent of population✓
2. Balways test every item regardless of size✓
3. Cnever use statistics✓
4. Drandom guessing without method✓

Regarding Tolerable misstatement in Audit Sampling, the accurate view is

1. Aalways zero✓
2. Bmaximum misstatement auditor willing to accept in population✓
3. Cequal to net income always✓
4. Dunrelated to materiality✓

Which statement about Sampling unit is correct

1. Aonly audit report page✓
2. Bonly firm letterhead✓
3. Cindividual item or monetary unit in population✓
4. Donly partner signature✓

Regarding Systematic selection in Audit Sampling, the accurate view is

1. Aonly items ending in 5 without plan✓
2. Balphabetical first page only✓
3. Conly round amounts✓
4. Dselecting every nth item from ordered population✓

A key aspect of Sample evaluation is that it involves

1. Acomparing projected misstatement to tolerable misstatement✓
2. Baccept population without evaluation✓
3. Cignore projected error✓
4. Dnever revise sample plan✓

Audit sampling in the context of Audit Sampling refers to

1. Aapplication of audit procedures to less than 100 percent of population✓
2. Balways test every item regardless of size✓
3. Cnever use statistics✓
4. Drandom guessing without method✓

Regarding Tolerable misstatement in Audit Sampling, the accurate view is

1. Aalways zero✓
2. Bmaximum misstatement auditor willing to accept in population✓
3. Cequal to net income always✓
4. Dunrelated to materiality✓