Which of the following misstatements may cause the auditor to perform additional tests to determine if there are remaining misstatements in the account balance or class of transactions?
A) misstatements caused by fraud
B) misstatements caused by error
C) misstatements caused by carelessness
D) misstatements caused by lack of understanding of instructions
E) misstatements caused by inattention to detail
F) both A and D
G) both B and C
H) both D and E
Correct Answer:
Verified
Q45: If the projected misstatement is greater than
Q46: In a nonstatistical substantive test of transactions
Q47: Sampling would not be used to
A)recalculate
B)make inquiries
C)confirm
D)perform
Q48: With monetary unit sampling,estimating the misstatements in
Q49: To obtain the projected misstatements for the
Q51: With monetary unit sampling,misstatements are
A)evaluated to determine
Q52: The population for a substantive test of
Q53: To evaluate the statistical sample,the auditor uses
A)probability
Q54: The known and likely misstatements will be
Q55: To determine whether the account balance or
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