With monetary unit sampling,misstatements are
A) evaluated to determine the extent of the misstatement
B) evaluated to determine if the population can be accepted as fairly stated
C) projected to the total population to determine possible misstatement
D) projected to the population in each sampling interval where the misstatements were found
Correct Answer:
Verified
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
Q50: Which of the following misstatements may cause
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
Q56: With monetary unit sampling
A)each individual interval in
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