The risk of assessing control risk too high is
A) an error that will affect the efficiency of the audit
B) an error that will affect the effectiveness of the audit
C) an error that will affect the reliability of the audit
D) an error that will affect the relevance of the audit
Correct Answer:
Verified
Q19: Audit risk is
A)the risk that material misstatements
Q20: Internal control tests are designed to provide
Q21: Sampling risk is
A)the risk that the sample
Q22: Sampling risk for tests of controls includes
A)the
Q26: Nonsampling risk includes
A)all aspects of audit risk
Q26: Auditors control nonsampling risk for nonstatistical sampling
Q27: Statistical sampling and nonstatistical sampling refer
A)to the
Q28: A statistical sample includes
A)a random selection of
Q29: The auditor should consider which of the
Q38: Nonstatistical sampling
A)is never a more effective way
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