Question
Important substantive procedures include _______. a. tests of details of transactions and tests of details of balances b. tests of details of balances c. tests
Important substantive procedures include _______.
a. tests of details of transactions and tests of details of balances
b. tests of details of balances
c. tests of details of transactions
d. neither tests of details of transactions and tests of details of balances
What is statistical allowance for sampling risk?
a. A projection of misstatement in the population based on the findings in the sample
b. A measure of the uncertainty associated with not sampling the entire population
c. A statistical estimate of the maximum misstatement in the population based on the sample
d. The amount of estimated misstatement in the population
please answer both. God bless you
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