Multiple Choice
While performing a substantive test of details during an audit, the auditor determined that the sample results supported the conclusion that the recorded account balance was materially misstated. Which of the following is the least likely auditor reaction to this discovery?
A) perform expanded audit tests in the relevant areas
B) increase detection risk in the relevant areas
C) increase the sample size
D) take no action until tests of other audit areas are completed
Correct Answer:
Verified
Correct Answer:
Verified
Q51: In the test of details of balances,
Q52: Monetary unit sampling is not particularly effective
Q53: Which of the following is not a
Q54: When auditors apply MUS to a sample,
Q55: A higher confidence factor increases the sample
Q57: Tolerable misstatement is inversely related to sample
Q58: Estimated misstatement in the population and sample
Q59: When defining the population and the sampling
Q60: Match six of the terms (a-l) with
Q61: Auditors perform test of controls and substantive