Multiple Choice
Probability proportionate to size sampling _______.
A) should only be used in substantive testing of transactions
B) should only be used in substantive testing of balances
C) should not be used for substantive testing of transactions and balances
D) can be used for substantive testing of transactions and balances
Correct Answer:
Verified
Correct Answer:
Verified
Q47: An auditor can reduce the impact of
Q48: An important aspect of selecting a sample
Q49: High levels of assurance mean _.<br>A)lower levels
Q50: The choice of using audit sampling vs.audit
Q51: Sometimes an audit population may be sufficiently
Q53: The ultimate purpose of a substantive test
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