One of the steps involved in planning the sample for the tests of details of balances is to
A) select the sample.
B) perform the audit procedures.
C) define a misstatement.
D) analyze the misstatements.

Question

Quizplus · Accepted Answer

Defining a misstatement is a planning step that helps determine what constitutes an error or deviation in the context of the audit, which is essential before selecting the sample or performing procedures.

One of the Steps Involved in Planning the Sample for the Tests