Multiple Choice
The auditor gathers evidence about whether balance sheet and income statement accounts are materially misstated by
A) performing tests of controls
B) the sample selection method
C) the sample evaluation method
D) performing substantive tests of details
Correct Answer:
Verified
Correct Answer:
Verified
Q16: Sampling would not be used to<br>A)recalculate<br>B)observe<br>C)confirm<br>D)make inquiries<br>E)reperform<br>F)both
Q17: With monetary unit sampling,misstatements are<br>A)evaluated to determine
Q18: With monetary unit sampling,estimating the misstatements in
Q19: With monetary unit sampling<br>A)each individual interval in
Q20: Sampling methods for substantive samples include<br>A)skip random
Q22: Audit risk is<br>A)the risk that material misstatements
Q23: The auditor believes that the characteristics of
Q24: Nonstatistical sampling<br>A)is never a more effective way
Q25: If the projected misstatement is less than
Q26: In a nonstatistical substantive test of transactions