Question: If the auditor cannot locate a sample item, he or she should: Multiple Choice Replace the item in the sample with another item. Classify the

If the auditor cannot locate a sample item, he or she should:
Multiple Choice
Replace the item in the sample with another item.
Classify the missing item as a deviation.
Reselect the entire sample and begin examining sample items.
Issue a qualified opinion on the clients financial statements.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

An auditor is performing a test of the three - way match control matching the purchase order, the receiving report and accounts payable disbursement. In performing this test, the auditor plans to...

Q:

Items 1 - 10 are based on the following independent situations for which you will recommend an appropriate audit opinion. A - Unmodified B - Unmodified with Emphasis of a matter paragraph C -...

Q:

I would like assistance with assignment 3 and 4 on the attached document I have been struggling with the subject and its my last AUI4863/102/0/2016 Tutorial letter 102/0/2016 ADVANCED INTERNAL AUDIT...

Q:

11. Which of the following procedures is most likely relevant to obtain an information about events or conditions that cast significant doubt on the entity's ability to continue as a going concern...

Q:

When there is a deviation between the estimate for bad debt expense and what will actually be realized as uncollectible, this is called Multiple Choice A forecast error. Unacceptable. Fraud. A...

Q:

Abstract Accounting frameworks follow stipulations of existing Accounting Theories. This exploratory research sets out to trace the evolution of accounting theories of Charge and Discharge Syndrome...

Q:

Abstract Accounting frameworks follow stipulations of existing Accounting Theories. This exploratory research sets out to trace the evolution of accounting theories of Charge and Discharge Syndrome...

Q:

Abstract Accounting frameworks follow stipulations of existing Accounting Theories. This exploratory research sets out to trace the evolution of accounting theories of Charge and Discharge Syndrome...

Q:

hello, i dont have an account with course hero but is there anyway i could get one solution to a problem? Ive been working all night to figure it out and it has really been bugging me. if not i...

Q:

American Journal of Business Antecedents of consumer animosity and the role of product involvement on purchase intentions Ji Eun Park, Sung-Joon Yoon, Article information: To cite this document: Ji...

Q:

Countries showing strong uncertainty avoidance such as France, Germany, and Italy have witnessed a rise in the consumption of mineral water since 1970. In fact, according to one study, the...

Q:

1. Internal controls are concerned with A) only manual systems of accounting. B) the extent of government regulations. safeguarding assets. C) D) preparing income tax returns. 2. Having one person...

Q:

Which of the following is the comprehensive planning document for the entire organization? This plan includes the operating and financial budgets and is typically approved by the Board of Directors....

Q:

Pharoah Company reported the following amounts for 2022: Raw materials purchased $95,200 Beginning raw materials inventory 5,824 Ending raw materials inventory 5,040 Beginning finished goods...