Which of the following does not have to be considered in determining the initial sample size of a test of details?
A) tolerable misstatement
B) acceptable risk of incorrect rejection
C) estimate of misstatements in the population
D) inherent risk
Correct Answer:
Verified
Q13: Both sampling and nonsampling risks are associated
Q14: If acceptable audit risk is increased, acceptable
Q15: Sampling, not nonsampling risks, are important for
Q16: In estimating the population misstatement, the first
Q17: The final step in the evaluation of
Q19: What is the purpose of applying stratified
Q20: When using sampling methods, the auditor is
Q21: One of the steps involved in planning
Q22: When errors are found in a sample,
Q23: When analyzing misstatements, the auditor will determine
A)
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents