Extensive Tests of Details for an Income Statement Account Is

question 25

Multiple Choice

Extensive tests of details for an income statement account is least likely to be required when:

• A)analytical procedures reveal some unexpected fluctuations.
• B)detection risk is high.
• C)control risk is high.
• D)inherent risk is high.

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Definitions:

Standardized Test

A test that is administered and scored in a consistent manner to ensure reliability and validity of the measures it intends to assess.

Ambiguous Stimuli

Ambiguous stimuli are objects, words, or images that can be interpreted in multiple ways and often used in psychological tests to assess perception and personality.

Psychodynamic Theorists

Psychologists who study the psychological forces underlying human behavior, feelings, and emotions, and how they may relate to early experience.

Objective Tests

Standardized tests designed to measure an individual's performance in a specific area, such as intelligence or personality, in a way that is not subject to examiner bias.