Attribute sampling is a statistical process used in audit procedures that aims to analyze the characteristics of a given population. This practice is often used to test whether or not a company’s internal controls are being correctly followed.

Why do auditors use sampling in the conduct of an audit?

The use of sampling is widely adopted in auditing because it offers the opportunity for the auditor to obtain the minimum amount of audit evidence, which is both sufficient and appropriate, in order to form valid conclusions on the population.

When do audit tests would an auditor use attributes sampling?

Does no support the auditor’s planned assessed level of control risk when the true operation effectiveness of internal control justifies such an assessment. 16 For which of the following audit tests would an audit tests would an auditor most likely use attributes sampling

What should the sample size be for an audit?

An auditor plans to examine a sample of 20 checks for countersignatures as prescribed by the client’s internal control procedures. One of the checks in the chosen sample of 20 cannot be found. The auditor should consider the reasons for this limitation and A. Evaluate the results as if the sample size had been 19.

How to determine sample size for a test of controls?

In determining the sample size for a test of controls, an auditor should consider the expected deviation rate, desired confidence level, and the A. Tolerable deviation rate. B. Risk of incorrect acceptance. C. Nature and cause of deviations. D. Population size.

How does an auditor consider frequency of deviations?

In addition to evaluating the frequency of deviations in tests of controls, an auditor should also consider certain qualitative aspects of the deviations. The auditor most likely would give broader consideration to the implications of a deviation if it was A. The only deviation discovered in the sample.