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When creating an audit program and designing audit procedures, _ an auditor also decides how to select appropriate items for removal from the test sample.
When creating an audit program and designing audit procedures, _ an auditor also decides how to select appropriate items for removal from the test sample. the auditors should defer sample selection to the internal auditors. an auditor also decides how to select appropriate items for testing. the auditors should consider use of the cheapest statistical selection methods possible, to lower the cost of the audit. Next Question 7 0.5 pts A representative audit sample is unlikely to provide a reasonable basis for drawing a conclusion about an entire population. is likely to provide a reasonable basis for drawing a conclusion about an entire population should be agreed upon by management and the auditor. should not involve the auditor. Previous Next > 0.5 pts Sometimes an audit population may be sufficiently small so that expressed written assurance from senior management pertaining to the account is satisfactory. the auditor can audit every item in the population. the auditor can ignore the account in question. the account in question can be outsourced to the internal audit function for auditing. RUCSLIUN11 0.5 pts Risk of incorrect acceptance is defined as the risk that the auditor concludes that a material misstatement does exist when it does exist. the risk that an audit firm incorrectly issued an unmodified opinion. the risk that an audit firm incorrectly accepts a client. the risk that the auditor concludes that a material misstatement does not exist when it does exist
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