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Question 270 - IIA-CIA-Part2 discussion

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Which of the following is one of the differences between probability-proportional-to-size (PPS) and attribute sampling?

A.
PPS sampling s used to reach conclusions regarding monetary amounts, attribute sampling is not.
Answers
A.
PPS sampling s used to reach conclusions regarding monetary amounts, attribute sampling is not.
B.
PPS sampling is used to roach conclusions regarding rates of occurrence, attribute sampling is not.
Answers
B.
PPS sampling is used to roach conclusions regarding rates of occurrence, attribute sampling is not.
C.
PPS sampling a applied within the context of testing controls attribute sampling s not.
Answers
C.
PPS sampling a applied within the context of testing controls attribute sampling s not.
D.
Attribute sampling is affected by the monetary book value of the population PPS sampling is not
Answers
D.
Attribute sampling is affected by the monetary book value of the population PPS sampling is not
Suggested answer: A

Explanation:

Probability-proportional-to-size (PPS) sampling is a technique used to reach conclusions regarding monetary amounts in a population. It is designed to handle variable sampling by focusing on monetary units, making it appropriate for testing account balances. On the other hand, attribute sampling is used to assess the rate of occurrence of a specific characteristic or attribute in a population, such as compliance with a control procedure, and does not focus on monetary amounts.

The Institute of Internal Auditors (IIA) Practice Guide on 'Audit Sampling'

Generally Accepted Auditing Standards (GAAS)

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asked 18/09/2024
Trang Anna
38 questions
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