Multiple Choice
The population for a substantive test of details consists of
A) all events in the accounts or class of transactions
B) all material items in the accounts or class of transactions
C) all material events in the accounts or class of transactions
D) all items in the accounts at the end of the year
E) all transactions in the class of transactions for the entire year
F) both A and B
G) both C and D
H) Both D and E
Correct Answer:
Verified
Correct Answer:
Verified
Q25: If the projected misstatement is less than
Q26: In a nonstatistical substantive test of transactions
Q27: For a statistical sample,sampling risk is determined
Q28: If the projected misstatement is greater than
Q29: Tolerable misstatement is defined as<br>A)the level of
Q31: The known and likely misstatements will be
Q32: To evaluate the non-statistical sample,the auditor uses<br>A)probability
Q33: Sampling would not be used to<br>A)recalculate<br>B)make inquiries<br>C)confirm<br>D)perform
Q34: The desired level of assurance is defined
Q35: The only thing(s)that must change when the