In a Probability-Proportional-To-Size Sample with a Sampling Interval of $5,000

question 194

Multiple Choice

In a probability-proportional-to-size sample with a sampling interval of $5,000, an auditor discovered that a selected account receivable with a recorded amount of $10,000 had an audit amount of $8,000. If this were the only error discovered by the auditor, the projected error of this sample would be:

• A) $1,000
• B) $2,000
• C) $4,000
• D) $5,000

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Definitions:

Incongruent Experiences

Experiences that do not align with an individual's self-concept, often leading to psychological distress.

Self-concept

Refers to an individual's perception of themselves, encompassing beliefs about one's attributes, roles, goals, and competencies.

Anxiety

A feeling of worry, nervousness, or unease, typically about an imminent event or something with an uncertain outcome.

Business World

Refers to the global commercial environment, encompassing all aspects of professional interaction and trade.