Which of the following sample planning factors would influence the sample size for a substantive test of details for a specific

Question

ioda

3 years ago

12

Which of the following sample planning factors would influence the sample size for a substantive test of details for a specific

account?
a. Expected amount of misstatements
b. Measure of tolerable misstatement

Business

2 answers:

Savatey [412] · Answer 1 · 2022-09-06T13:02:28+03:00

Savatey [412]3 years ago

7 0

Answer:

Option "A" is correct. Expected amount of misstatements

Explanation:

Kazeer [188] · Answer 2 · 2022-09-06T14:57:33+03:00

Answer:

Both A and B

a. Expected amount of misstatements

b. Measure of tolerable misstatement

Explanation:

Substantiative test for results is an audit technique that is used to address.identified risk of material misstatements in financial statements. It is used to determine if balances and disclosures of a financial statement are accurate.

Types of substantiative tests include: examination, physical observation, recalculation, third party confirmation, inquiry, and reperformance.

When sampling both expected amount of misstatements and measure of tolerable misstatements will affect sample size.