Audit Sampling MCQs 2026

Which statement about Sampling unit is correct

1. A only audit report page ✓
2. B only firm letterhead ✓
3. C individual item or monetary unit in population ✓
4. D only partner signature ✓

Regarding Systematic selection in Audit Sampling, the accurate view is

1. A only items ending in 5 without plan ✓
2. B alphabetical first page only ✓
3. C only round amounts ✓
4. D selecting every nth item from ordered population ✓

Audit Sampling: Projecting misstatements can be defined as

1. A ignore sample errors always ✓
2. B extrapolating sample error to population ✓
3. C report only sample without projection ✓
4. D assume all population wrong ✓

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

1. A only control test without misstatement evaluation ✓
2. B designed to test controls and detect misstatements together ✓
3. C only substantive without control ✓
4. D forbidden under ISA ✓

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

1. A judgment-based selection without statistical measurement of risk ✓
2. B always identical to statistical ✓
3. C forbidden under ISA ✓
4. D requires computer only ✓

Which statement about Population in audit sampling is correct

1. A only selected items already known to be wrong ✓
2. B sample itself ✓
3. C auditor working papers only ✓
4. D complete set of items from which sample is drawn ✓

Monetary unit sampling is best described as

1. A each invoice one vote regardless of value ✓
2. B only smallest balances ✓
3. C only zero balance items ✓
4. D sampling where unit is currency amount weighted toward larger items ✓

Variables sampling is best described as

1. A only yes-no deviation rate ✓
2. B estimating monetary amount of misstatement in population ✓
3. C only inquiry evidence ✓
4. D only walkthrough ✓

Statistical sampling in the context of Audit Sampling refers to

1. A pure judgment with no method ✓
2. B only haphazard selection without evaluation ✓
3. C sampling using probability theory to quantify sampling risk ✓
4. D always 100 percent testing ✓

A key aspect of Sample size factors is that it involves

1. A decrease when risk is high ✓
2. B unaffected by materiality ✓
3. C always fixed at ten items ✓
4. D increase with higher risk larger population and tighter tolerable misstatement ✓

Regarding Expected misstatement in Audit Sampling, the accurate view is

1. A always assume zero error ✓
2. B auditor expectation of error rate in population ✓
3. C ignore prior year results ✓
4. D same as materiality always ✓

Random selection in the context of Audit Sampling refers to

1. A always pick first ten items ✓
2. B only items manager suggests ✓
3. C only largest without randomness ✓
4. D each item has known chance of selection ✓

Haphazard selection is best described as

1. A always pick easy items near desk ✓
2. B only credit entries ✓
3. C selection without structured technique but avoiding bias ✓
4. D only items client recommends ✓

A key aspect of Stratification is that it involves

1. A dividing population into subpopulations for separate sampling ✓
2. B mix all unlike items together always ✓
3. C ignore high value stratum ✓
4. D only sample stratum with zero balance ✓

Audit Sampling: Sampling risk can be defined as

1. A eliminated by any sample ✓
2. B only detection risk component ✓
3. C risk that conclusion based on sample differs from entire population ✓
4. D same as business risk ✓

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

1. A risk auditor reaches wrong conclusion for reasons other than sample ✓
2. B always due to small sample only ✓
3. C only statistical risk ✓
4. D cannot occur with 100 percent test ✓

Attribute sampling is best described as

1. A measuring dollar misstatement in accounts ✓
2. B estimating rate of deviations in control testing ✓
3. C only monetary projection ✓
4. D only analytical procedures ✓

A key aspect of Sample evaluation is that it involves

1. A comparing projected misstatement to tolerable misstatement ✓
2. B accept population without evaluation ✓
3. C ignore projected error ✓
4. D never revise sample plan ✓

Audit sampling in the context of Audit Sampling refers to

1. A application of audit procedures to less than 100 percent of population ✓
2. B always test every item regardless of size ✓
3. C never use statistics ✓
4. D random guessing without method ✓

Regarding Tolerable misstatement in Audit Sampling, the accurate view is

1. A always zero ✓
2. B maximum misstatement auditor willing to accept in population ✓
3. C equal to net income always ✓
4. D unrelated to materiality ✓