Multiple Choice
The risk of incorrect acceptance 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
Q55: If the auditor has a choice of
Q56: Variables sampling is used to determine the
Q57: Auditors control nonsampling risk by<br>A)quantifying the risk<br>B)planning
Q58: Sampling would not be used to<br>A)recalculate<br>B)observe<br>C)confirm<br>D)perform analytical
Q59: The only thing(s)that might change when the
Q61: Any misstatements that are not corrected by
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