Sampling risk for substantive testing includes the risk of incorrect acceptance of the account balance or class of transactions and the risk of incorrect rejection of the account balance or class of transactions.
Correct Answer:
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Q5: The auditor gathers evidence about whether balance
Q6: The auditor uses sampling for substantive tests
Q7: The items selected for examination are referred
Q8: Variables sampling is used to determine the
Q9: Sampling risk is
A)the risk that the sample
Q11: Audit risk is
A)the risk that material misstatements
Q12: Sample size requirements are usually determined by
Q13: Both statistical and nonstatistical samples require professional
Q14: We use evidence from the variables sample
Q15: Sampling risk for substantive testing includes
A)the risk
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