Audit evidence

May not consider work of a management’s expert

• Evaluate the competence, capabilities and objectivity of that expert

• Obtain an understanding of the work of that expert; and

• Obtain understanding of the environment

• Evaluate appropriateness of that experts work as audit evidence for the relevant assertion

Select correct statement

• Non-Statistical Sampling is better than statistical sampling

• Statistical Sampling is better than non-statistical sampling

• Both do not provide SAAE

An increase in tolerable misstatement will decrease the sample size

• True

• False

• Can't say

The more the auditor is relying on other substantive procedures the larger the sample

size can be.

• True

• False

• Can't say

higher the expected rate of

deviation, smaller the sample size

• True

• False

• Can't say