Reference no: EM132779749

Problem 1: If the predominantly substantive approach preliminary audit strategy is used, planned detection risk will be:

Select one:

Option 1: low or very low.

Option 2: at the higher level.

Option 3: moderate or high.

Option 4: high or very high

Problem 2: Audit sampling is involved whenever an auditor:

Select one:

Option 1: performs substantive tests.

Option 2: examines 100% of the population.

Option 3: forms a conclusion about the population from which the sample is drawn.

Option 4: performs tests of controls.