A limited number of operational staff or field-workers, as few as two or three, may be assigned to a social media project

For what primary purpose does the auditor obtain an understanding of the entity and its environment?

a. To determine the audit fee b. To decide which facts about the entity to include in the audit report c. To plan the audit and determine the nature, timing, and extent of audit procedures to be performed d. To limit audit risk to an appropriately high level

The statistical distinction between sampling with replacement and sampling without replacement is important only when the sampling frame is not large compared to the sample size

Indicate whether the statement is true or false