Multiple Choice
When either the auditor's quantitative (statistical) or qualitative assessments of sample results support the conclusion that the population is materially misstated, _______.
A) professional judgment should be used in deciding on an appropriate course of action
B) the auditor should immediately withdraw from the engagement
C) the auditor should consider notifying the audit committee and SEC
D) the auditor should proceed to issue an unqualified (clean) audit opinion
Correct Answer:
Verified
Correct Answer:
Verified
Q159: In which of the following situations is
Q160: The auditor can _.<br>A)never be certain that
Q161: The choice of statistical or non-statistical sampling
Q162: What is systematic selection?<br>A)The selection of a
Q163: In an accounts receivable sample with a
Q164: The risk accepted by the auditor with
Q166: Non-sampling risk is typically controlled by _.<br>A)the
Q167: The risk of incorrect acceptance has _.<br>A)a
Q168: The choice of statistical or non-statistical sampling
Q169: It is common to use audit sampling