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
E) projecting misstatements from the population to the sample
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
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
Q72: The risk of incorrect rejection of the