In analyzing misstatements using sampling techniques,the auditor should analyze the misstatements in what manners?
A)Qualitatively and quantitatively.
B)Absolutely and proportionately.
C)Haphazardly and randomly.
D)Methodically and systematically.

Question

Quizplus · Accepted Answer

When analyzing misstatements using sampling techniques, the auditor should analyze the misstatements both qualitatively (nature of the misstatement) and quantitatively (dollar amount of the misstatement). This will give a complete understanding of the impact of the misstatements on the financial statements. Therefore, option A is the correct choice. B, C, and D are not appropriate ways of analyzing misstatements.

In Analyzing Misstatements Using Sampling Techniques,the Auditor Should Analyze the Misstatements