WGU D251 OBJECTIVE ASSESSMENT AND PRE -
ASSESSMENT NEWEST 2026 TEST BANK| D251
ADVANCED AUDITING OA & PA EXAM WITH
COMPLETE 400 REAL EXAM QUESTIONS AND
CORRECT VERIFIED ANSWERS/ ALREADY GRADED
A+ (MOST RECENT!!)
Which technique is used to analyze year-to-year comparisons of account
balances?
1. Trend analysis
2. Ratio analysis
3. Variance analysis
4. Reasonableness test - Correct Answer -Trend analysis
What is the typical range for the setting of audit risk?
1. 0% to 5%
2. 0% to 10%
3. 1% to 10%
4. 1% to 5% - Correct Answer -1% to 5%
Which risk result would likely be achieved from using a 1% level of
detection risk?
1. A high detection risk and a low audit risk
pg. 1
,2. A low detection risk and a low audit risk
3. A low detection risk and a high audit risk
4. A high detection risk and a high audit risk - Correct Answer -A low
detection risk and a low audit risk
Which tests are eliminated when an auditor chooses not to rely on a
client's internal controls because the control design is ineffective?
1. Inquiries
2. Tests of control
3. Tests of details of balances
4. Substantive analytical procedures - Correct Answer -Tests of control
In which audit procedure would sampling be appropriate?
1. Observation
2. Inquiry
3. Confirmation
4. Analytics - Correct Answer -Confirmation
What is the auditor most concerned with when performing sampling?
1. Risk of incorrect rejection
2. Risk of incorrect acceptance
3. Risk of errors in the population
pg. 2
,4. Risk of excess sample size - Correct Answer -Risk of incorrect
acceptance
Why do some auditors restrict the use of nonstatistical sampling?
1. It is less risky.
2. It is less objective.
3. It is less efficient.
4. It is less effective. - Correct Answer -It is less objective.
What is the level at which the control's failure to operate would cause an
auditor to conclude that the control is not effective and would likely
change the auditor's planned assessment of control risk in performing
tests of account balances?
1. Allowable risk of assessing the control risk as too low
2. Tolerable failure rate
3. Expected failure rate
4. Allowance for sampling error - Correct Answer -Tolerable failure rate
Which statistical sampling method is most commonly used to test
control procedures?
1. Attribute sampling
2. Dollar-unit sampling
3. Ratio estimation sampling
pg. 3
, 4. Variable sampling - Correct Answer -Attribute sampling
Which monetary amount is set by an auditor in order to obtain an
appropriate level of assurance that the set monetary amount is not
exceeded by the actual misstatement in the population?
1. Factual
2. Expected
3. Projected
4. Tolerable - Correct Answer -Tolerable
In which process does an auditor divide the population into two or more
groups?
1. Probability proportional to size
2. Systematic sampling
3. Stratification
4. Statistical sampling - Correct Answer -Stratification
On which method is monetary unit sampling based?
1. Classical variables sampling
2. Attribute sampling
3. Block sampling
4. Haphazard sampling - Correct Answer -Attribute sampling
pg. 4
ASSESSMENT NEWEST 2026 TEST BANK| D251
ADVANCED AUDITING OA & PA EXAM WITH
COMPLETE 400 REAL EXAM QUESTIONS AND
CORRECT VERIFIED ANSWERS/ ALREADY GRADED
A+ (MOST RECENT!!)
Which technique is used to analyze year-to-year comparisons of account
balances?
1. Trend analysis
2. Ratio analysis
3. Variance analysis
4. Reasonableness test - Correct Answer -Trend analysis
What is the typical range for the setting of audit risk?
1. 0% to 5%
2. 0% to 10%
3. 1% to 10%
4. 1% to 5% - Correct Answer -1% to 5%
Which risk result would likely be achieved from using a 1% level of
detection risk?
1. A high detection risk and a low audit risk
pg. 1
,2. A low detection risk and a low audit risk
3. A low detection risk and a high audit risk
4. A high detection risk and a high audit risk - Correct Answer -A low
detection risk and a low audit risk
Which tests are eliminated when an auditor chooses not to rely on a
client's internal controls because the control design is ineffective?
1. Inquiries
2. Tests of control
3. Tests of details of balances
4. Substantive analytical procedures - Correct Answer -Tests of control
In which audit procedure would sampling be appropriate?
1. Observation
2. Inquiry
3. Confirmation
4. Analytics - Correct Answer -Confirmation
What is the auditor most concerned with when performing sampling?
1. Risk of incorrect rejection
2. Risk of incorrect acceptance
3. Risk of errors in the population
pg. 2
,4. Risk of excess sample size - Correct Answer -Risk of incorrect
acceptance
Why do some auditors restrict the use of nonstatistical sampling?
1. It is less risky.
2. It is less objective.
3. It is less efficient.
4. It is less effective. - Correct Answer -It is less objective.
What is the level at which the control's failure to operate would cause an
auditor to conclude that the control is not effective and would likely
change the auditor's planned assessment of control risk in performing
tests of account balances?
1. Allowable risk of assessing the control risk as too low
2. Tolerable failure rate
3. Expected failure rate
4. Allowance for sampling error - Correct Answer -Tolerable failure rate
Which statistical sampling method is most commonly used to test
control procedures?
1. Attribute sampling
2. Dollar-unit sampling
3. Ratio estimation sampling
pg. 3
, 4. Variable sampling - Correct Answer -Attribute sampling
Which monetary amount is set by an auditor in order to obtain an
appropriate level of assurance that the set monetary amount is not
exceeded by the actual misstatement in the population?
1. Factual
2. Expected
3. Projected
4. Tolerable - Correct Answer -Tolerable
In which process does an auditor divide the population into two or more
groups?
1. Probability proportional to size
2. Systematic sampling
3. Stratification
4. Statistical sampling - Correct Answer -Stratification
On which method is monetary unit sampling based?
1. Classical variables sampling
2. Attribute sampling
3. Block sampling
4. Haphazard sampling - Correct Answer -Attribute sampling
pg. 4
