Most Auditors Would Consider Samples to Be Insufficient If They

question 93

Multiple Choice

Most auditors would consider samples to be insufficient if they contain only the:

• A) largest dollar items from a population, even though these items make up a large portion of the total population.
• B) items that are representative of the population.
• C) items with a high likelihood of misstatement.
• D) largest dollar items from the population.

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Definitions:

Talcott Parsons

An influential American sociologist known for his development of a general theory for the study of society called action theory or the systems theory framework.

Adaptation Imperative

The necessity for organisms or systems to adjust to their environment in order to survive and flourish.

External Interrelationships

Connections between an entity and external factors or other entities that influence or are influenced by it.

Kingsley Davis

An American sociologist and demographer known for his work on human society, population growth and decline, and the concept of the demographic transition.