Discuss AICPA CPA-Auditing Exam Topic 1 Question 14

Which of the following sampling methods would be used to estimate a numerical measurement of a population, such as a dollar value?

ADiscovery sampling.

BNumerical sampling.

CSampling for attributes.

DSampling for variables.

Suggested Answer: D

Choice 'd' is correct. Variables sampling is used to estimate a numerical measurement of a population, such as the dollar value or the dollar value of errors in the population.

Choice 'a' is incorrect. Discovery sampling is a special case of sampling for 'attributes' (errors) where the auditor's initial estimate of error occurrence is zero or near zero. It does not sample for dollar value.

Choice 'b' is incorrect. The term 'numerical sampling' is not used in statistical sampling and is merely a well-designed distractor.

Choice 'c' is incorrect. Attribute sampling is sampling for errors (or some other attribute). The auditor determines whether the attribute appears or not, but does not try to estimate a numerical measurement of the population.

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8 comments · newest first

Antonette 11 months ago

Not sure about D, I thought A could work too.

Lina 12 months ago

Totally with you, D is the best choice here!

Kathrine 12 months ago

Wait, is B even a real method? Sounds made up.

Joni 12 months ago

I think A is more appropriate for this scenario.

Celestine 1 year ago

Definitely D, sampling for variables is the way to go!

Talia 1 year ago

I'm leaning towards option D. Having the Splunk admin step in to synchronize the artifacts across the search heads seems like the most reliable way to ensure the users can access the historic search results.

Therese 1 year ago

I remember discussing something similar in class; I think option D could be a trick.

Leoma 1 year ago

This looks like a straightforward deployment question. I'll start by creating the nginx-random deployment and exposing it via a service. Then I'll use nslookup to get the DNS records for the service and pod.

AICPA CPA-Auditing Exam - Topic 1 Question 14 Discussion