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An auditor using nonstatistical sampling cannot formally measure sampling error and therefore must ...

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An auditor using nonstatistical sampling cannot formally measure sampling error and therefore must ...

An auditor using nonstatistical sampling cannot formally measure sampling error and therefore must subjectively consider the possibility that the true population misstatement exceeds a tolerable amount. Which of the following factors should be considered by the auditor in making this assessment?

▸

The dollar difference between the point estimate and tolerable misstatement	The extent to which items in the population have been audited 100 percent
Yes	Yes

▸

The dollar difference between the point estimate and tolerable misstatement	The extent to which items in the population have been audited 100 percent
No	No

▸

The dollar difference between the point estimate and tolerable misstatement	The extent to which items in the population have been audited 100 percent
Yes	No

▸

The dollar difference between the point estimate and tolerable misstatement	The extent to which items in the population have been audited 100 percent
No	Yes

Textbook

Auditing and Assurance Services

Edition: 17^th

Authors: Arens, Elder, Beasley, Hogan

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