Question 7 (2 points) The relationship between the identified misstatements and the likely misstatement for a particular audit test will depend on both the sample size for the test and the size of the population sampled.Question 6 (2 points) It is appropriate to use random sample selection in conjunction with a judgmental sampling plan, but not in conjunction with a statistical sampling plan. Paragraph V Restion 5 (2 points) The main purpose of the management letter is to establish the terms of the engagement, including the scope of the audit, the use of the client's staff, and an estimate of the audit fees.Question 3 (2 points) Saved Because it is normally difficult to verify the revenues and contributions receivable of not-for-profit organizations, the assurance level in audits of such organizations is lower than the assurance level provided in audits of profit-oriented businesses.Question 4 (2 points) Although the Sarbanes-Oxley Act of 2002 (SOX) is an Act from the United States, Canadian companies that are traded on a U.S. stock exchange or are subsidiaries of U.S. public companies will be required to comply with SOX