In non-statistical sampling, _______. the auditor determines samples size, sample selection methods, and evaluates the sample results on the basis of the professional judgment and the auditor’s own experience. the auditor determines samples size, sample selection methods, and evaluates the sample results entirely on the basis of predetermined statistical parameters. the auditor uses the internal audit function to gather samples the auditor selects a sample of certain balance sheet accounts and exclusively audits them If an auditor wishes to draw attention to important information that is already presented or disclosed in the financial statements, the auditor would include a _______. qualified opinion disclaimer of opinion emphasis-of-matter paragraph scope limitation paragraph _______ are used near the end of the audit to assist the auditor in forming an overall conclusion about whether the financial statements are consistent with the auditor’s understanding of the entity. Analytical procedures Engagement procedures Quality control procedures Audit standards
- In non-statistical sampling, _______.
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the auditor determines samples size, sample selection methods, and evaluates the sample results on the basis of the professional judgment and the auditor’s own experience. |
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the auditor determines samples size, sample selection methods, and evaluates the sample results entirely on the basis of predetermined statistical parameters. |
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the auditor uses the internal audit function to gather samples |
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the auditor selects a sample of certain balance sheet accounts and exclusively audits them |
If an auditor wishes to draw attention to important information that is already presented or disclosed in the financial statements, the auditor would include a _______.
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qualified opinion |
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disclaimer of opinion |
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emphasis-of-matter paragraph |
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scope limitation paragraph |
_______ are used near the end of the audit to assist the auditor in forming an overall conclusion about whether the financial statements are consistent with the auditor’s understanding of the entity.
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Analytical procedures |
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Engagement procedures |
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Quality control procedures |
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Audit standards |
When a client has a going concern issue, .AU-C 570 The Auditor’s Consideration of an Entity’s Ability to Continue as a Going Concern requires an _______.
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emphasis-of-matter paragraph be added to the unmodified report, before the opinion paragraph |
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an emphasis-of-matter paragraph be added to the unmodified report, after |
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an explanatory paragraph be added to the unmodified report, after the opinion paragraph |
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an explanatory paragraph be added to the unmodified report, before the opinion paragraph |
- Sometimes an audit population may be sufficiently small so that_______.
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the auditor can ignore the account in question |
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the auditor can audit every item in the population |
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the account in question can be outsourced to the internal audit function for auditing |
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expressed written assurance from senior management pertaining to the account is satisfactory |
A Type II subsequent event _______.
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provides evidence of conditions that arose after the date of the financial statements |
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provides evidence of conditions that arose before the date of the financial statements |
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provides evidence of conditions that arose after the date of the auditor’s report |
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provides evidence of conditions that arose before the date of the auditor’s report |
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