A Notable Item Is an Item Identified, from the Population

question 77

Multiple Choice

A notable item is an item identified, from the population being analyzed, that has one or more characteristics that, for relevant assertions, may:

• A)Be indicative of a risk of material misstatement
• B)Provide information useful in designing procedures to address risks of material misstatement.
• C)Provide information useful in tailoring procedures to address risks of material misstatement.
• D)All these answer choices are correct.

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Definitions:

Qualitative Methods

Involves non-numerical research techniques used to explore concepts, experiences, or environments through observation, interviews, or analysis of text and symbols.

Ultimate Attribution Error

A cognitive bias that involves making more favorable or unfavorable attributions about a group based on negative or positive behaviors, respectively.

Disposition

Refers to a person's inherent qualities of mind and character.

Ingroup Behaviour

Actions and norms practiced by members within a group, which foster unity and differentiate the group from others, emphasizing shared identity and interests.