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Unformatted text preview: Phone / Document In which of the Following situations InIng auditors decide to not perform tests of controlsz ` This is an integrated audit* ` If the controls are sufficient to reduce control rick In an acceptable* level and testing the controls would make the audit more cost Efficient *[ The company has been founded the only a month and has only had } trunk^te tions. `. This is a controls reliance audit I' out of 2 5 points Question to Sampling is most likely to be used during which of the following* Answer ! ` . Substantive analytical procedures ` Preliminary risk analysis { . Reasonableness Tests (^) Inventory Count I'm out of 1.5 prints Question 7 Which of the following statement is true " Answers_ _^ {latistical sampling is superior to Honstatistical sampling because* {when the former is used , sample is representative of the population {`then using MUS , the number of population wimils does not deflectnine the size of the sample* *^ren performing tests of controls . auditors may re -sample if the initial sample has a high rate al deviation `. Sampling is not used for tests of controls O out of 2. 5 points Question & Concluding that the book value of Accounts receivable is not materially misstated when it is indeed materially misstated is an example of which of the following risks'?" Answers; " Incorrect rejection `. Incorrect acceptance*...
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Christopher Reinemann
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