Multiple Choice
When performing a substantive test, _______.
A) the population consists of the class of transactions or the account balance to be tested
B) the sample consists of the class of transactions or the account balance to be tested
C) the auditor should confirm acceptance by senior management of the test
D) the auditor should perform the test in conjunction with the internal audit function
Correct Answer:
Verified
Correct Answer:
Verified
Q54: In _ the auditor estimates the audited
Q55: At the outset of substantive testing, the
Q56: The population consists of _.<br>A)all accounts in
Q57: Risk of incorrect rejection is defined as
Q58: Audit sampling is when _.<br>A)the auditor selects
Q60: Classical variables sampling uses _.<br>A)normal distribution theory<br>B)probability
Q61: An account balance is $300,000 and there
Q62: The planned allowance for sampling risk is
Q63: Professional judgment is needed in applying both
Q64: The process of selecting a sample _.<br>A)should