Multiple Choice
If the risk of material misstatement is low and detection risk is high _______.
A) then a smaller sample size should be selected
B) then a larger sample size should be selected
C) then control risk should be assessed as high
D) the auditor should consider outsourcing the audit work to the internal audit function
Correct Answer:
Verified
Correct Answer:
Verified
Q34: Examples of substantive procedures performed to test
Q35: Briefly discuss and explain the relationship between
Q36: After auditors have assessed control risk, _.<br>A)they
Q37: The most important factor when responding to
Q38: Which of the following factors is used
Q40: Statistical sampling _.<br>A)should generally not be used
Q41: Testing of internal controls is typically conducted
Q42: Risk response at the financial statement level
Q43: A client has 100 customers constituting a
Q44: Examples of causes of misstatements include which