100% examination is likely both in the case of tests of controls and for tests of details.Select one:TrueFalse

The following situations will likely lead the auditor to use 100% testing, exceptSelect one:a.When the population constitutes a small number of large value items.b.When both inherent and control risks are high and other means do not provide sufficient appropriate audit evidencec.When the repetitive nature of a calculation or other process performed by a computer information system makes a 100% examination cost effective.d.When testing controls that leave audit trail.

A study of a diagnostic test reported a Specificity of 82%.

When designing tests of controls and tests of details, the auditor shall determine means of selecting items for testing that are effective in meeting the purpose of the audit procedure.Select one:TrueFalse

All are tyepes of examinations in the selection process exceptQuestion 1Answera.reference checksb.written testc.physical examinationd.reference test

An auditor can perform tests of controls only. Question 4Answer True False