ACC 403 help A Guide to career/Snaptutorial ACC 403 help A Guide to career/Snaptutorial | Page 90

19. In estimating the population misstatement, the first step in
projecting from the sample to the population is to:
20. If no exceptions were found in the substantive tests of
transactions:
21. The final step in the evaluation of the audit results is the decision
to:
22. One of the steps involved in planning the sample for the tests of
details of balances is to:
23. If acceptable audit risk is increased, acceptable risk of incorrect
acceptance should be:
24. If an auditor concludes that internal controls are likely to be
effective, the preliminary assessment of control risk can be reduced,
leading to which of the following impacts on the acceptable risk of
incorrect acceptance?
25. You are auditing Nelson and Company and determined that the
sample results support a conclusion that the account is materially
misstated, when in fact it was not misstated. This illustrates the risk
of:
26. When using monetary unit sampling, the recorded dollar
population is a definition of all the items in the:
27. The most commonly used method of statistical sampling for tests
of details of balances is:
28. While performing a substantive test of details during an audit,
the auditor determined that the sample results supported the
conclusion that the recorded account balance was not materially
misstated. It was, in fact, materially misstated. This situation
illustrates the risk of:
29. When defining the population and the sampling unit for tests of
details of balances:
30. If an auditor desires a greater level of assurance in auditing a
balance, the acceptable risk of incorrect acceptance:
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ACC 403 Quiz 8 Set 2
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