A detection risk of 90% would suggest that an auditor must perform extensive substantive audit testing
a. True
b. False
Indicate whether the statement is true or false
False
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Which of the following is a current asset?
a. Building b. Office supplies c. Land d. Truck
Which of the following is not a characteristic of extraordinary items reported on the income statement?
a. appear near the end of the income statement b. reported separately from continuing operations c. shown net of tax effects d. is shown as a combined amount with discontinued operations
For a population with an unknown distribution, the form of the sampling distribution of the sample mean is _____
a. approximately normal for all sample sizes b. exactly normal for large sample sizes c. exactly normal for all sample sizes d. approximately normal for large sample sizes
Which of the following is NOT considered when determining base pay for an employee?
A) pay rates offered by area competitors B) union status of the job C) employee experience D) employee gender E) prevailing industry pay levels