Which of the Following Is Not an Item the Auditor

question 15

Multiple Choice

Which of the following is not an item the auditor needs to determine in designing sampling for substantive testing?

• A)The audit objective.
• B)The method of selecting a sample.
• C)Expected misstatement conditions.
• D)Expected deviation rate.

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Definitions:

Planning Budget

A budget prepared for a specific level of activity, often used for planning and coordinating actions.

Activity Variances

Differences between planned or budgeted amounts of costs or revenues and actual amounts incurred, attributable to specific activities.

Customers Served

The number or segment of clients or consumers to whom a business has provided goods or services.

Budgeting

The process of creating a plan to spend your money, outlining projected income versus expenses for a certain period.