When performing a substantive test, _______.
A) the population consists of the class of transactions or the account balance to be tested
B) the sample consists of the class of transactions or the account balance to be tested
C) the auditor should confirm acceptance by senior management of the test
D) the auditor should perform the test in conjunction with the internal audit function
Correct Answer:
Verified
Q71: Most audit firms use _.
A)statistical sampling only
B)non-statistical
Q72: Which method of selection appears quite similar
Q73: Random selection requires that _.
A)the person selecting
Q74: Using statistical sampling _.
A)involves training in the
Q75: Statistical sampling requires _.
A)the auditor to ignore
Q77: When performing a substantive test, _.
A)the population
Q78: Which of the following is a characteristic
Q79: What is systematic selection?
A)The selection of a
Q80: High levels of assurance mean _.
A)lower levels
Q81: It is common to use audit sampling
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