Multiple Choice
The auditor makes the decision about whether the misstatements found in a substantive test of balances sample are material after
A) determining if the misstatements are within the tolerance level
B) determining if the misstatements are within the assurance level
C) extrapolating misstatements from the sample to the population
D) projecting misstatements from the sample to the population
Correct Answer:
Verified
Correct Answer:
Verified
Q10: Nonsampling risk includes<br>A)all aspects of audit risk
Q11: Sampling methods for substantive samples include<br>A)skip random
Q12: The population for a substantive test of
Q13: The items selected for examination are referred
Q14: Which of the following misstatements may cause
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