Multiple Choice
The auditor will do which of the following when the results of sample testing conclude that there is misstatement in excess of the tolerable misstatement?
A) Issue a disclaimer of opinion.
B) Throw out the sample.
C) Propose adjustments to the client.
D) Disclose the misstatement in the client's financial statements.
Correct Answer:
Verified
Correct Answer:
Verified
Q7: By using data analytics tools,the auditor can
Q8: Audit sampling implies the gathering of evidence
Q9: Population items with zero balances have no
Q10: Monetary unit sampling (MUS)is designed to test
Q11: Risks of sampling in tests of controls<br>Define
Q13: In attributes sampling,the risk of incorrect rejection
Q14: Sample size in a MUS sample is
Q15: Which of the following is not an
Q16: Which of the following is the level
Q17: In testing account balances,haphazard sampling is an