Multiple Choice
The auditor uses sampling for substantive tests of balances and for substantive tests of transactions to determine
A) whether the financial statements accounts associated with the account balance or class of transactions are materially misstated
B) whether the financial statements are materially misstated
C) whether the balance sheet accounts associated with the account balance or class of transactions are materially misstated
D) whether the income statement accounts associated with the account balance or class of transactions are materially misstated
Correct Answer:
Verified
Correct Answer:
Verified
Q1: Sampling risk for substantive testing includes the
Q2: Which of the following is a statistical
Q3: Tolerable misstatement is<br>A)a matter of professional judgment<br>B)the
Q4: You are responsible for planning the audit
Q6: Sample size requirements are usually determined by
Q7: With monetary unit sampling,a random start is<br>A)a
Q8: We use evidence from the variables sample
Q9: To evaluate the statistical sample,the auditor uses<br>A)probability
Q10: Nonsampling risk includes<br>A)all aspects of audit risk
Q11: Sampling methods for substantive samples include<br>A)skip random