The Smaller the Amount of Misstatement That the Auditor Can

question 138

Multiple Choice

The smaller the amount of misstatement that the auditor can tolerate, _______.

• A)the smaller the sample size
• B)the larger the sample size
• C)the larger the population size
• D)the lower inherent risk becomes

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Definitions:

Telemetry

The automatic recording and transmitting of data from remote or inaccessible sources to an IT system in a different location.

Bar Codes

Machine-readable representations of data that describe the object to which they are attached, typically used for identifying and tracking products.

Wireless

Telecommunications in which electromagnetic waves carry the signal between communicating devices.

Mobile

Pertaining to portable devices or technologies that allow for connectivity and functionality while moving or in various locations.