Multiple Choice
Which one of the following is a proper course of action for the auditor when the upper misstatement limit exceeds the tolerable misstatement?
A) The auditor can ask the client to correct the known misstatements.
B) Analyze the detected misstatements for some common problems.
C) The auditor can expand the sample.
D) All of the above.
Correct Answer:
Verified
Correct Answer:
Verified
Q35: The tolerable misstatement is the confidence level
Q42: Nonsampling risk What is nonsampling risk and
Q81: Encountering misstatements in the sampling process<br>Explain the
Q82: The steps used in sampling during substantive
Q83: In analysis of the results of audit
Q84: The design of MUS sampling requires the
Q87: Analytical procedures are designed to provide dependent
Q88: The maximum rate of control procedure failure
Q91: Planning and documentation of sampling use<br>What are
Q108: Random number, systematic sampling and material value