Identify the effect that would have on increases in tolerable misstatement and assessed level of control risk to sample size of substantive test of details.

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Chapter 17, Problem 19.3MCQ

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Identify the effect that would have on increases in tolerable misstatement and assessed level of control risk to sample size of substantive test of details.

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The risk that the decision made based on the sample will differ from the decision madebased on the entire population is referred to asa. Audit risk.b. Examination risk.c. Sampling risk.d. Nonsampling risk

Explain how the following test of control will affect the sample size? a. An increase in the extent to which the auditor's risk assessment takes into account relevant controls b. An increase in the tolerable rate of deviation c. An increase in the expected rate of deviation of the population to be tested

For both tests of controls and substantive tests of details, non-sampling risk can be reduced by increasing sample size, while sampling risk can be reduced by proper engagement planning supervision and review. TRUE OR FALSE? WHY?

Answer 2

Question

Chapter 17, Problem 19.3MCQ

To determine

Identify the effect that would have on increases in tolerable misstatement and assessed level of control risk to sample size of substantive test of details.

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Answer 3

Question

Chapter 17, Problem 19.3MCQ

To determine

Identify the effect that would have on increases in tolerable misstatement and assessed level of control risk to sample size of substantive test of details.

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Answer 4

Question

Chapter 17, Problem 19.3MCQ

To determine

Identify the effect that would have on increases in tolerable misstatement and assessed level of control risk to sample size of substantive test of details.

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Answer 5

Chapter 17, Problem 19.3MCQ

To determine

Identify the effect that would have on increases in tolerable misstatement and assessed level of control risk to sample size of substantive test of details.

Answer 6

Chapter 17, Problem 19.3MCQ

To determine

Identify the effect that would have on increases in tolerable misstatement and assessed level of control risk to sample size of substantive test of details.

Answer 7

Chapter 17, Problem 19.3MCQ

To determine

Identify the effect that would have on increases in tolerable misstatement and assessed level of control risk to sample size of substantive test of details.

Answer 8

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Answer 11

Ch. 17 - Prob. 1RQ Ch. 17 - Prob. 2RQ Ch. 17 - Prob. 3RQ Ch. 17 - Prob. 4RQ Ch. 17 - Prob. 5RQ Ch. 17 - Prob. 6RQ Ch. 17 - Prob. 7RQ Ch. 17 - Prob. 8RQ Ch. 17 - Prob. 9RQ Ch. 17 - Prob. 10RQ

Identify the effect that would have on increases in tolerable misstatement and assessed level of control risk to sample size of substantive test of details.

Solution Summary: The author identifies the effect that would have on increases in tolerable misstatement and assessed level of control risk to sample size of substantive test of details.

Identify the effect that would have on increases in tolerable misstatement and assessed level of control risk to sample size of substantive test of details.

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Chapter 17 Solutions