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Author Question: Factors considered by an auditor to determine the possibility that the true population misstatement ... (Read 25 times)

abcdef9106

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on: Aug 21, 2022

Question 1

As the amount of misstatements expected in the population approaches tolerable misstatement, the planned sample size will
◦ decrease.
◦ increase.
◦ vary based on characteristics of the population.
◦ be unaffected.

Question 2

Factors considered by an auditor to determine the possibility that the true population misstatement exceeds a tolerable amount in a nonstatistical sample include all of the following except for
◦ the extent to which items in the population have been audited 100%.
◦ the difference between the point estimate and acceptable control risk.
◦ whether misstatements tend to be offsetting or in only one direction.
◦ the amounts of individual misstatements.
Auditing and Assurance Services ¦ Arens, Elder, Beasley, Hogan ¦ 17th Edition
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Marked as best answer by abcdef9106 on Aug 21, 2022

dsd1212

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Reply #1 on: Aug 21, 2022
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abcdef9106

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Reply 2 on: Aug 21, 2022
Wow, this really help

bbburns21

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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