Auditing chapter 9 quizlet

Audit sampling that relies on the auditor's judgment to determine the sample size, select the sample, and / or evaluate the results for the purpose of reaching a conclusion about the population

The extrapolation of sample results to the population

A) auditors cannot accept any level of risk in performing the audit function

B) most risks that auditors encounter are relatively easy to measure

C) the audit risk model is only used for classes of transactions

D) the audit risk model helps the auditor to decide how much and what types of evidence to accumulate

D) In some cases, a lower acceptable audit risk may be more appropriate for one account than for others

A) auditors find it relatively easy to measure the components of the model

B) many auditors use broad and subjective measurement terms