Multiple Choice
To evaluate a misstatement found in the substantive test of transactions,the auditors will
A) increase substantive testing of transactions to mitigate the misstatement
B) increase tests of controls to mitigate the misstatement
C) consider whether the misstatement is representative of a misstatement to be found in the entire population
D) consider whether the misstatement is representative of fraud in the entire population
Correct Answer:

Verified
Correct Answer:
Verified
Q32: Audit risk is<br>A)the risk that material misstatements
Q33: The only possible results from an internal
Q34: Sampling risk is<br>A)the risk that the sample
Q35: The auditor is required to understand statistical
Q36: When controls "work"<br>A)the auditor increases the amount
Q38: The sample size can be determined once
Q39: Auditing sampling is:<br>A)the selection of a sample
Q40: Sometimes the auditor makes decisions about sample
Q41: For internal control testing related to a
Q42: Audit samples for tests of controls may