Multiple Choice
When performing a substantive test, _______.
A) the population consists of a transaction and the account balance to be tested
B) the population consists of the class of transactions or the account balance to be tested
C) the auditor should report all immaterial findings to management
D) the auditor should withdraw from the engagement if any material misstatements are located
Correct Answer:

Verified
Correct Answer:
Verified
Q36: The auditor's conclusion based on the sample
Q37: It is common to use audit sampling
Q38: The auditor is more likely to use
Q39: An important aspect of selecting a sample
Q40: What is tolerable misstatement?<br>A)The maximum dollar amount
Q42: Joe Cool, CPA is reviewing a sample
Q43: The _ method includes both an estimate
Q44: The most common selection method used in
Q45: In _ the auditor estimates the audited
Q46: Which of the following defines a population