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Which will increase risk inherent risk for a client

Assignment Help Accounting Basics
Reference no: EM132671589

Problem 1: Stratification is:

a) Selection of every nth item within a population

b) Selection of items the auditor believes should be included in the sample

c) Selecting items that are grouped together within the population

d) Division of a population into groups of item with similar characteristics.

Problem 2: Which of the following would increase the sample size in substantive tests?

a) An increase in tolerable misstatement

b) The number of sampling units in the population

c) A decrease in the amount of misstatement the auditor expects to find in the population

d) An increase in the auditors assessment of

Problem 3: Which of the following will increase risk inherent risk for a client?

a) The auditor has developed a friendly relationship with the client's management and board over the length of their tenure

b) The client has recently acquired a technology start-up company specialising in home automation products

c) The auditor does not possess expertise in valuation of some of the client's assets

d) Credit limit checks for new customers were not undertaken when the accounts manager was on leave

Reference no: EM132671589

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