Quiz 14 LA: Audit procedures

Judgment-based sampling relies on:

• Size of the sample

• Timing

• The competence and experience of the audit team

When conducting interviews, auditors should use what type of questions?

• Open-ended questions

• Close-ended questions

• Leading questions

1. What is an example of an open-ended questions?

• What type of anti-bribery training have you received?

• Have all the interested parties been informed about the existing processes?

• Is there any training session available in the organization?

What does population represent in statistical analysis?

• Set of persons, objects, or elements selected from a unit

• Set of persons, objects, or elements on which the statistical analysis is based

• Each element of the sample

How is a sample selected based on the stratified sampling method?

• By selecting members of the population at a regular interval

• By randomly choosing from a larger set

• By dividing the population into smaller sub-groups

Among others, what are the benefits of virtual audit

• Easier review of the audit process

• Minimized probability of data loss

• Unlimited storage capacity

Which of the following is less preferred to document observations during the audit?

• Taking photos or audio/video recordings

• Photocopying documents

• Taking notes