The estimate for sampling error results because the auditor has sampled only a portion of the population. Sampling error represents the:
A) maximum misstatements in the audited accounts.
B) maximum misstatements in accounts not audited.
C) minimum misstatements in accounts not audited.
D) minimum misstatements in the audited accounts.
Correct Answer:
Verified
Q24: Bases are needed for evaluating materiality. If
Q25: Materiality is a rather than an absolute
Q26: The preliminary judgement about materiality is the
Q27: When management has an adequate level of
Q28: An auditor may compensate for a weakness
Q30: Tolerable misstatement as set by the auditor:
A)
Q31: Which one of the following discoveries by
Q32: In an audit area that has a
Q33: When there is a high degree of
Q34: AASB 1031 suggests guidelines.
A) relevant
B) quantitative
C) qualitative
D)
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