When Planning a Sample for a Substantive Test of Details

question 563

Multiple Choice

When planning a sample for a substantive test of details, an auditor should consider tolerable misstatement for the sample. This consideration should:

• A) Be related to the auditor's business risk.
• B) Not be adjusted for qualitative factors.
• C) Be related to preliminary judgments about materiality levels.
• D) Not be changed during the audit process.

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Definitions:

Divorce Rates

The statistical measure that represents the number of divorces occurring in a population during a given time period, usually per year, per 1,000 residents.

Time Saving Technology

Technological innovations designed to reduce the amount of time required to complete tasks, often leading to increased efficiency.

Gender Role Socialization

The process by which individuals learn the cultural norms and expectations associated with their assigned gender roles.

Direct Speech

The repetition of someone's spoken or written words, quoting them exactly, often framed within quotation marks in written texts.