In Class #6.1 - Sample selection in practice
Rahim, a first-year auditor, is asked to select a sample of invoices to audit the utility expense
account. Below is the account detail.
The audit program asks to select a sample of four items.
Using a random number generator in Excel, determine which months will be selected.
Using systematic selection, determine which four months will be selected.
Using haphazard selection, determine which four months will be selected.
Using block selection, determine which four months will be selected. In Class #6.2 - Sampling methods and risk & Projecting Errors
Fabrication Holdings Ltd. (FH) has been a client of KFP Partners for many years. You are an
audit senior and have been assigned to the FH audit for the first time for the fiscal year ended
December 31, 2012.
You are completing the audit planning for the property, plant, and equipment (PPE) account
class, which is one