Multiple Choice
The risk of incorrect rejection of the account balance or class of transactions is an error that affects
A) the efficiency of the audit
B) the effectiveness of the audit
C) the reliability of the audit
D) the relevance of the audit
Correct Answer:

Verified
Correct Answer:
Verified
Q62: Tolerable misstatement is<br>A)a matter of professional judgment<br>B)the
Q63: With nonstatistical sampling,sampling risk is controlled by<br>A)quantifying
Q64: When the auditor uses systematic random sampling
Q65: To determine whether the account balance or
Q66: The auditor makes the decision about whether
Q67: The auditor makes the decision about whether
Q68: If the auditor has a choice of
Q69: Sampling methods for substantive samples include<br>A)skip random
Q70: Audit risk can be divided into two
Q71: To obtain the likely misstatements for the