Question:An auditor selects a sample using as a population the total value of receivables from a receivable population. The sample is selected on the following basis: one dollar is selected at random and deemed to be the starting point; individual dollars are then selected at consecutive fixed intervals of $10,000.
  In respect of this form of sample selection which of the following statements is most accurate?
  A. Such a basis of selection may be preferred when the book population under examination has a highly skewed value distribution.
  B. Such a basis of sample selection is more suited to the detection of understatement errors than overstatement errors.
  C. Such a basis of selection ensures that all errors in excess of $10,000 will be detected.
  D. Such a basis of selection would be ineffective where errors occur in the population on a systematic basis.
  The correct answer is: Such a basis of selection may be preferred when the book population under examination has a highly skewed value distribution.
  The basis of selection ensures that items greater than $10,000 are picked for testing, not that errors greater than $10,000 would be detected.
  高顿网校温馨提醒
  各位考生,2015年ACCA备考已经开始,为了方便各位学员能更加系统地掌握考试大纲的重点知识,帮助大家充分备考,体验实战,高顿网校开通了全免费的ACCA题库(包括精题真题和全真模考系统),题库里附有详细的答案解析,学员可以通过多种题型加强练习。戳这里进入ACCA免费题库>>>
 
ACCA网络课程课程专业名称讲师试听
85%的人正在学习该课程ACCA 全维度网课体验课程
实景课堂与独立录制
覆盖所有知识点,根据学习计划推进学习进度
高顿名师
70%的人正在学习该课程ACCA网课全科卡(8.2折)
为零基础刚开始学习ACCA的学员特别定制
高顿名师

展开全文