If evidence of the control can be observed by the auditor
A) the control is preventing or detecting misstatements in the financial statements
B) the control has the ability to prevent or detect misstatements in the financial statements
C) this is not sufficient to determine if the control is preventing or detecting misstatements in the financial statements
D) this is not sufficient to determine if the control has the ability to prevent or detect misstatements in the financial statements
Correct Answer:
Verified
Q9: Auditing sampling is:
A)the selection of a sample
Q10: The auditor is required to understand statistical
Q11: The auditor may test internal controls when
Q12: To use evidence from a sample to
Q13: When an auditor uses sampling for tests
Q15: When an auditor performs a test of
Q16: Sometimes the auditor makes decisions about the
Q17: Both statistical and nonstatistical sampling require professional
Q18: A random sample for tests of controls
Q19: Audit risk is
A)the risk that material misstatements
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