Multiple Choice
To obtain the known misstatements for the account balance or class of transactions,auditors
A) divide the likely misstatement by the projected misstatement
B) subtract the likely misstatement from the projected misstatement
C) add the projected misstatement to the likely misstatement
D) perform the audit procedure as specified in the audit program and determine the known misstatement from the evidence
Correct Answer:

Verified
Correct Answer:
Verified
Q37: The auditor gathers evidence about whether balance
Q38: Both statistical and nonstatistical samples require professional
Q39: How is variables sampling used in substantive
Q40: Sampling risk for substantive testing includes<br>A)the risk
Q41: Expected misstatement is defined as<br>A)the level of
Q43: The population for a substantive test of
Q44: Variables sampling is the application of an
Q45: The auditor must define the sampling unit
Q46: Assume that you are the auditor
Q47: What does it mean to say that