Vanu.edu.jo auditing 2 Quiz Time left 0.24.01 1 There are many situations where the sample sizes estimated using the prescribed formula will not hold good for some practical reasons. In such a case, an adjustment in the sample size will become not necessary. 10 Question 36 Not yet rowered Marked out of 100 Select one True 19 Flag bution False 28 37 Finish on 37 Not you wered one of the following is not from the (Methodology for Designing Controls and Substantive Tests)salas a. Assess planned control risk - sales ked out of 100 b. Understand internal control - sales c. Identify key internal controls and deficiencies question 38 Hot yet weted An unqualified opinion may be issued in one of two situations: first, if the financial statements contain material misstatements that are not pervasive, or second, if the auditor is unable to obtain sufficient appropriate audit evidence on which to base an opinion, but the possible effects of any material misstatements are not pervasive and out of 00 Fag Select one True False Sen 39 The exception rate is the ratio of the items containing the specific attribute to the total number of population items . The exception rate is the ratio of the items containing the specific attribute to the total number of population items. Select one: True False The supervisor must adequately plan the work and must properly supervise any auditor Select one: True of False -page Finish attempt. A W TA AdBlock Pro uditing 2 Q Time left 0:23:44 31 The auditor can Minimizing Sampling Risk by of yer wered Varked out of 1.00 Fau Question a. Representative Sample b. Use an appropriate method of selecting sample items from the population Plan the sample Cc FIL 32 Wot yet answered When the financial statements are materially misstated due to misstatement in one particular account balance that does not have a pervasive effect on the financial statements. the auditor opinion is Jarked out of .00 Ca Unqualified Opinion report Flag esto b. Adverse Opinion report c. Disclaimer of Opinion report od qualified Opinion report When there are significant uncertainties in the business of client. the auditor opinion is Lotion 33 Holy nered talked out of 00 Ray a. Unqualified Opinion report b. Adverse Opinion report c Disclaimer of Opinion report d. Qualified Opinion report W TA d. Qualified Opinion report Customer Order: A request for merchandise by auditor to 34 wel ered End out of Select one True False ag tion stion 35 yet NonSampling risk is the risk that an auditor reaches an incorrect conclusion because the sample is not representative of the population ked out of Select one: True False estion revious page Next page w f YA Book Pro
