Auditing & Assurance Services 6th Edition by Timothy Louwers

Exercise 96

In an audit sampling application, an auditor
A) Performs procedures on all items in a balance and makes a conclusion about the entire balance.
B) Performs procedures on less than 100 percent of the items in a balance and formulates a conclusion about the entire balance.
C) Performs procedures on less than 100 percent of the items in a class of transactions to become familiar with the client's accounting system.
D) Performs analytical procedures on the client's unaudited financial statements when planning the audit.