An Auditor May Use Sampling to Obtain Information About Many

question 29

Multiple Choice

An auditor may use sampling to obtain information about many different characteristics of a population. However, most audit samples lead either to an estimate of:

• A) a dollar rate or a deviation amount.
• B) the number of items in the population or the dollar amount of the population.
• C) size of the population or the distribution of the population.
• D) a deviation rate or a dollar amount.

Evaluate the effects of gender norms on interpersonal relationships and societal structures.

Understand the impact of social influence on conformity and obedience.

Recognize the role of group dynamics and social pressure in shaping individual decisions.

Identify factors that increase or decrease conformity, including the presence of dissenting opinions within a group.

---

Definitions:

Liability Reported

The representation of an entity's obligations or debts on its financial statements, indicating amounts owed to creditors.

Income Statement

A document detailing a firm's income, outlays, and profit over a given timeframe.

Balance Sheet

A financial statement that outlines an entity's assets, liabilities, and equity at a specific point in time.

Unearned Revenue

Money received by an entity for services not yet performed or goods not yet delivered.