When the Sample Results Do Not Support the Recorded Account

question 46

Multiple Choice

When the sample results do not support the recorded account balance, the least likely action the auditor might take is:

• A) perform alternative substantive procedures.
• B) examine additional sampling units.
• C) increase the sample size.
• D) change the assessed level of control risk.
• E) request the client to investigate the misstatements.

Identify government failure and its causes.

Understand the impact of public choice on government policy and economic efficiency.

Recognize the strategies used by governments to mitigate issues stemming from voter preferences for benefits and deferred costs.

Identify examples of regulatory capture and its implications for economic policy.

---

Definitions:

Evolutionary Psychologists

Researchers who study how evolutionary principles explain human thoughts, feelings, and behaviors.

Sociobiology

The study of the biological basis of all social behavior.

Cultural Variations

Differences in cultural practices, beliefs, and values among various groups, influencing behaviors, perceptions, and social norms.

Heritability

A measure of how much of the variation in a trait among individuals within a population is due to genetic differences.