Multiple Choice
One of the limitations of a fixed sampling plan is that
A) the assessed level of control risk as planned cannot be changed
B) the assessed level of inherent risk as planned cannot be changed
C) the sample either passes or fails at the conclusion of testing
D) any deviations in the sample require the sample to fail
Correct Answer:

Verified
Correct Answer:
Verified
Q6: For internal control testing related to a
Q7: Which of the following is an internal
Q8: The most important points to understand about
Q9: The auditor should consider which of the
Q10: Which of the following statements is a
Q10: Nonsampling risk includes<br>A)all aspects of audit risk
Q12: According to the auditing standards (AU 350
Q13: You have documented the internal control system
Q14: The auditor should consider which of the
Q16: If the sample deviation rate is lower