The Auditor's Conclusion Based on the Sample _______

question 36

Multiple Choice

The auditor's conclusion based on the sample _______.

• A)should always be applied to the sample only and not the population
• B)should always be applied to the population only and not the sample
• C)may be different than the conclusion drawn if the auditor had audited the entire population
• D)will always be the same as the conclusion drawn if the auditor had audited the entire population

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Definitions:

Schedule

A plan that lists events, activities, or tasks along with their intended or expected times and dates.

Investing Activities

Part of a company's cash flow statement that shows the amount of money spent or generated from various investment-related activities in a specific time period.

Financing Activities

Transactions involving issuing debt, equity, and paying dividends as reflected in a company's cash flow statement, indicating the flow of cash between a company and its owners and creditors.

Statement of Cash Flows

A document that illustrates the influence of balance sheet modifications and revenue on the availability of cash and equivalents, categorized by activities related to operating, investing, and financing.