Which of the following statements is in?
A) when detection risk is set as high, an auditor will require a high level of confidence that the transactions and accounts are not materially misstated
B) an auditor may decide to stratify the population before selecting a sample from it
C) an auditor will use their professional judgement to determine the tolerable error and required level of confidence
D) an auditor will use their professional judgement when considering what would be considered an error within the population tested
Correct Answer:
Verified
Q22: When testing controls, non-sampling risk is the
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Q29: Random selection involves
A) dividing a population into
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Q31: When testing controls, sampling risk is the
Q34: Which of the following statements regarding statistical
Q41: An account is at a higher risk
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