Solved

If the Auditor's Estimate of the Recorded Amount of the Account

Question 62

True/False

If the auditor's estimate of the recorded amount of the account balance falls within the precision interval,the auditor will decide to accept the account balance as fairly recorded.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q40: When performing substantive procedures,auditors run the sampling

Q52: Incorrect rejection occurs when the auditor concludes

Q57: If the upper limit on misstatement is

Q58: Variables sampling methods can be used to

Q60: In a classical variables sampling application,the precision

Q61: Monetary unit sampling is most effective when

Q64: Which of the following factors has a

Q65: The risk of _ occurs when the

Q66: Which of the following is not considered

Q67: In a monetary unit sampling (MUS)application,the auditor