Which of the following statements is NOT correct?
A) The decision of how many items to test will not be influenced by the increased costs of performing the additional tests.
B) The decision of how many items to test must be made by the auditor for each audit procedure.
C) The sample size for any given procedure is likely to vary from audit to audit.
D) It is possible to vary the sample size from one unit to 100% of the items in the population.
Correct Answer:
Verified
Q28: Rank the reliability of the following items
Q29: Confirmations are a highly regarded and often-used
Q30: The degree to which evidence can be
Q31: In determining the quantity and quality of
Q32: Samples are considered to be insufficient if
Q34: When the auditor is gathering evidence, if
Q35: What is the procedure referred to when
Q36: Which one of the following is NOT
Q37: When making decisions about evidence for a
Q38: Factors affecting the persuasiveness of an audit
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