ACC 403 help A Guide to career/Snaptutorial ACC 403 help A Guide to career/Snaptutorial | Page 96

25. When selecting a sample size for substantive tests of balances
which factor, other factors being equal, would result in a larger
sample?
26. If acceptable audit risk is increased, acceptable risk of incorrect
acceptance should be:
27. The most commonly used method of statistical sampling for tests
of details of balances is:
28. In monetary unit sampling, the relationship between tolerable
misstatement size and required sample size is:
29. If no exceptions were found in the substantive tests of
transactions:
30. The client's trial balance has a balance of $410,000 for
merchandise inventory. As the auditor you are willing to accept a
balance that is within $20,000 of either side of the recorded balance.
You compute a 95% confidence interval of $395,000 to $425,000.
You could therefore:
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ACC 403 Quiz Chapters 21-24
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