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can someone give the correct answers for these questions please 16-The auditor's analysis and conclusions are generally recorded using a) Memos b) Lead sheets c)
can someone give the correct answers for these questions please
16-The auditor's analysis and conclusions are generally recorded using a) Memos b) Lead sheets c) The audit plan d) The permanent flie Data Analytics enables the auditor to a) Identify dollar misstatements b) Identify areas of elevated risk c) Identify fraudulent transactions d) All the above 17- Identify the true statement below: a) Auditors prefer statistical sampling b) Audit standards do not permit non-statistical sampling c) Audit standards encourage the use of statistical sampling d) Statistical sampling is more mathematically sound that non-statistical sampling 18- The lower the confidence level, the the audit sample size needs to be a) Largest b) Smallest c) No effect d) More linear 19-An auditor's " confidence levels" Reflects a) The probability that the auditor's conclusion is correct b) The probability that the audit opinion issued is correct c) The probability that the sample size picked is correct d) The probability that the sample size picked is representative of the populations 20- The auditor is testing investments The obtain is schedule of all the client's investments and selects all the account balances that took strange for testing. The auditor used a sampling approach a) Random selection b) Stratification selection c) Haphazard selection d) Systematic selection 21. When an auditor finds a misstatement on a simple is (s) he must the misstatement onto population a) Project b) Estimate c) Hypothesis d) None of the above 22-Suppose an auditor sampled sales and found a $1,000 error This means that a) Cllent sales are misstated by exactly $1,000 b) Client sales are misstated by more than $1,000 c) Both choices are necessarily true d) Nelther cholce la necessarly trueStep by Step Solution
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