Factors considered by an auditor to determine the possibility that the True population misstatement exceeds a tolerable amount in a nonstatistical sample include all of the following except for
A)the extent to which items in the population have been audited 100%.
B)the difference between the point estimate and acceptable control risk.
C)whether misstatements tend to be offsetting or in only one direction.
D)the amounts of individual misstatements.

Question

Quizplus · Accepted Answer

The factors considered by an auditor to determine the possibility that the True population misstatement exceeds a tolerable amount in a nonstatistical sample include the extent to which items in the population have been audited 100%, whether misstatements tend to be offsetting or in only one direction, and the amounts of individual misstatements. Choice B is incorrect because it mentions the difference between the point estimate and acceptable control risk, which is a factor considered in statistical sampling, not nonstatistical sampling.

Factors Considered by an Auditor to Determine the Possibility That