When performing a substantive test, _______.
A) the population consists of a transaction and the account balance to be tested
B) the population consists of the class of transactions or the account balance to be tested
C) the auditor should report all immaterial findings to management
D) the auditor should withdraw from the engagement if any material misstatements are located
Correct Answer:
Verified
Q72: Which method of selection appears quite similar
Q73: Random selection requires that _.
A)the person selecting
Q74: Using statistical sampling _.
A)involves training in the
Q75: Statistical sampling requires _.
A)the auditor to ignore
Q76: When performing a substantive test, _.
A)the population
Q78: Which of the following is a characteristic
Q79: What is systematic selection?
A)The selection of a
Q80: High levels of assurance mean _.
A)lower levels
Q81: It is common to use audit sampling
Q82: Important substantive procedures include _.
A)tests of details
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