Which of the Following Is a Correct Statement with Respect

question 56

Multiple Choice

Which of the following is a correct statement with respect to evaluating results when using nonstatistical sampling for substantive tests?

• A)When the projected misstatement exceeds the tolerable misstatement,the auditor should conclude that the population is not misstated.
• B)The closer the projected misstatement is to the tolerable misstatement,the higher the risk of material misstatement.
• C)When the projected misstatement is equal to zero,the auditors may conclude with certainty that no misstatements exist in the account.
• D)When the projected misstatement percentage exceeds the risk of incorrect acceptance the auditors will generally conclude that the population is materially misstated.

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Definitions:

Problem-solving Style

An individual’s typical or preferred approach to resolving issues or overcoming obstacles, which can vary from analytical to intuitive.

Dimensions

Represents the various aspects or features that can be measured or used to describe something in detail.

Assertiveness

The quality of being self-assured and confident without being aggressive, in a way that respects both one's own rights and the rights of others.

Cooperation

The process of working together towards a common goal or benefit.