AICPA CPA-Auditing Exam - Topic 2 Question 109 Discussion

Actual exam question for AICPA's CPA-Auditing exam

Question #: 109
Topic #: 2

[All CPA-Auditing Questions]

Which of the following factors is (are) considered in determining the sample size for a test of controls?

AOption A

BOption B

COption C

DOption D

Show Suggested Answer

Suggested Answer: A

Choice 'a' is correct. It is appropriate for the representation letter to contain a statement regarding subsequent events.

Choice 'b' is incorrect. The representation letter typically includes information in four categories: financial statements; completeness; recognition, measurement, and disclosure; and subsequent events.

The communication of significant deficiencies in internal control does not fall within these categories.

Choice 'c' is incorrect. The representation letter typically includes information in four categories: financial statements; completeness; recognition, measurement, and disclosure; and subsequent events.

A waiver of attorney-client privilege does not fall within these categories.

Choice 'd' is incorrect. While this may be an accurate statement, it is not something that would be included in the management representation letter. The representation letter typically includes information in four categories: financial statements; completeness; recognition, measurement, and disclosure; and subsequent events.

by Darell at Mar 20, 2025, 11:53 PM

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Lorrine

2 months ago

Wait, are we really considering control effectiveness too?

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Tracey

2 months ago

I thought it was just about the population size?

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Carlee

2 months ago

I definitely studied that sample size is affected by the desired level of assurance, but I’m confused about how that relates to the specific options here.

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Merlyn

2 months ago

I feel like I should know this, but I can't recall if all factors listed in the options are equally important for determining sample size.

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Vallie

2 months ago

I remember practicing a question similar to this where we discussed the importance of the population size and expected error rate.

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Quentin

2 months ago

Totally agree, risk assessment is key!

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Carlene

3 months ago

Sample size depends on the risk of material misstatement.

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Candida

3 months ago

I’m surprised how many factors play into this!

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Sabrina

3 months ago

I think sample size is influenced by the level of control risk, but I'm not entirely sure how that plays into the options given.

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Cyril

3 months ago

This is a tricky one. There are a lot of factors that can impact sample size, and I'm not totally confident I remember them all. I'll have to think it through step-by-step to make sure I don't miss anything.

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Yolando

4 months ago

Okay, I've got this. The factors to consider are the expected rate of deviation, the desired precision, and the risk of overreliance. I'll work through each option carefully to identify the right combination.

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Tawny

4 months ago

Hmm, I'm a bit unsure about this one. I know sample size depends on the audit objectives, but I can't quite remember all the specific factors. I'll have to review my notes to be sure I get this right.

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Georgiana

4 months ago

This looks like a standard question on determining sample size for tests of controls. I'll need to recall the key factors that influence sample size, like the expected rate of deviation and desired precision.

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Joanne

4 months ago

I'm not totally confident on this one. Sample size for controls testing is a tricky concept, and I don't want to overthink it. I'll try to recall the main factors and make an educated guess.

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An

4 months ago

Okay, I've got this. The key factors are the expected population deviation rate, the desired confidence level, and the tolerable deviation rate. I'll work through the calculations step-by-step to determine the right sample size.

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Leota

5 months ago

Hmm, I'm a bit unsure about this one. I know sample size is important for controls testing, but I can't quite recall all the specific factors that go into calculating it. I'll have to review my notes before attempting this.

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Izetta

5 months ago

This looks like a standard question on determining sample size for tests of controls. I'll need to think through the key factors that influence sample size, like the expected rate of deviation and the desired level of assurance.

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Carman

10 months ago

Option A: Throw a dart at the answer sheet. Option B: Consult your Magic 8-Ball. Option C: Phone a friend. Option D: All of the above. I'm going with Option D, it's the most 'in-control' choice.

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Karl

8 months ago

Let's go with Option D, it seems like the safest bet.

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Karl

9 months ago

I agree, Option D covers all the bases.

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Karl

9 months ago

I think Option D is the best choice too.

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Katie

10 months ago

Wait, we're supposed to consider the sample size for a test of controls? I thought we were just testing how much coffee we could consume during the exam!

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Owen

9 months ago

User 3: I didn't know that, I thought we were just testing our coffee consumption!

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Luis

9 months ago

User 2: Option A is one of the factors considered.

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Rickie

10 months ago

User 1: Yes, we need to consider the sample size for a test of controls.

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Jules

10 months ago

Ugh, these accounting questions are like trying to read a foreign language. I'll just close my eyes and pick an answer randomly. Probably won't make a difference anyway.

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