Auditors use attributes sampling in assessing the effectiveness of a client's internal controls to determine:
A)The extent to which internal controls are operating as intended to prevent or detect misstatements.
B)The degree of inherent risk associated with various account balances or classes of transactions.
C)The degree of risk present in the client's business environment.
D)The accuracy of the client's account balances or classes of transactions.

Question

Quizplus · Accepted Answer

Attributes sampling is used to evaluate the effectiveness of internal controls in preventing or detecting misstatements, as opposed to assessing the inherent risk or accuracy of account balances or transactions.

Auditors Use Attributes Sampling in Assessing the Effectiveness of a Client's