With a Substantive Audit Strategy,what Is an Auditor Likely to Do

question 34

Multiple Choice

With a substantive audit strategy,what is an auditor likely to do?

• A)Extensively tests internal controls.
• B)Limit the testing of internal controls.
• C)Not assess control risks.
• D)Issue an adverse opinion on the financial statements.

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Definitions:

T Distribution

A probability distribution used in statistics for hypothesis testing, especially with small sample sizes or unknown population standard deviations.

T Distribution

A type of probability distribution that is symmetric and bell-shaped but has heavier tails than the normal distribution, used especially in small sample analysis.

Degrees of Freedom

The count of distinct values or quantities that can change during an analysis while still adhering to all constraints.

Normal Distribution

This refers to a probability distribution characterized by its symmetry about the mean, highlighting that data closer to the mean are encountered more frequently than data far from the mean.