If the auditor concludes that audit sampling has not provided a reasonable basis for conclusions about the population that has been tested, the auditor may practically apply which of the following: i) Request management to investigate misstatements that have been identified and the potential for further misstatements ii) Request management to investigate misstatements that have been identified and to make any necessary adjustments iii) Make another completely new audit sampling for test of details iv) Tailor the nature, timing and extent of further audit procedures to best achieve the required assurance. A. i) , ii ) and iii) B. i ) and iii) C. iii) and iv) D. i, ii and iv
If the auditor concludes that audit sampling has not provided a reasonable basis for conclusions about the population that has been tested, the auditor may practically apply which of the following: i) Request management to investigate misstatements that have been identified and the potential for further misstatements ii) Request management to investigate misstatements that have been identified and to make any necessary adjustments iii) Make another completely new audit sampling for test of details iv) Tailor the nature, timing and extent of further audit procedures to best achieve the required assurance. A. i) , ii ) and iii) B. i ) and iii) C. iii) and iv) D. i, ii and iv
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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If the auditor concludes that audit sampling has not provided a reasonable basis for conclusions about the population that has been tested, the auditor may practically apply which of the following:
i) Request management to investigate misstatements that have been identified and the potential for further misstatements
ii) Request management to investigate misstatements that have been identified and to make any necessary adjustments
iii) Make another completely new audit sampling for test of details
iv) Tailor the nature, timing and extent of further
A.
i) , ii ) and iii)
B.
i ) and iii)
C.
iii) and iv)
D.
i, ii and iv
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