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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

User Juanetta
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2 Answers

2 votes

Answer:

Both A and B

a. Expected amount of misstatements

b. Measure of tolerable misstatement

Step-by-step 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.

User Alexander Taborda
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3 votes

Answer:

Option "A" is correct. Expected amount of misstatements

Step-by-step explanation:

User Anna Fortuna
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