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.Management Sciences
A. The risk of the auditor carrying out a test the wrong way round
B. The risk of reliance on unsuitable audit evidence
C. The risk that the sample does not reflect the population
D. The risk of the auditor reaching the wrong conclusions from testing
Related Mcqs:
- According to ISA 315, which of the following is NOT an element of the control environment?
- A. Participation of management B. Information processing C. Commitment to competence D. Human resource policies and practices...
- Which of the following affects audit effectiveness?
- A. Risk of over reliance B. Risk of incorrect rejection C. Risk of incorrect acceptance D. Both A and C...
- When issuing unqualified opinion, the auditor who evaluates the audit findings should be satisfied that the_____________?
- A. Amount of known misstatement is documented in working papers B. Estimates of the total likely misstatement is less than materiality level C. Estimate of the total likely misstatement is more than materially level D. Estimates of the total likely misstatement cannot be made...
- Which of the following is not a revenue expense?
- A. Cost of raising a loan B. Cost of accessories of motor vehicles spent at the time of purchase C. Expenses incurred for laying of sewers on land purchased D. Insurance premium paid at the time of registration of the ship...
- Which of the following documents is not relevant for vouching cash sales?
- A. Daily cash sales summary B. Salesmen’s summary C. Monthly statements sent to customers D. Bank statement...
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