For Example One Exception in 1000 Cases Is Probably Not

question 322

Multiple Choice

For Example one exception in 1000 cases is probably not the reason enough to recommend overhauling the entire system, although the final answer must be derived from the context and the condition of the related control system. Which one of the following statements is clearly supported by this example?

• A) Auditors should base findings and recommendations on significant information
• B) Auditors should be aware of that the concept of materiality and significance take on different meanings in the public and private sectors
• C) Both of these
• D) None of these

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Definitions:

Deliberate System

A cognitive process that is slow, analytical, and effortful, often used when making complex decisions that require attention to detail.

Automatic System

cognitive processes that operate below the level of conscious awareness, enabling quick and efficient responses to stimuli.

Consumer Reports

An American magazine and organization providing unbiased product reviews, ratings, and comparisons to help consumers make informed purchasing decisions.

Interpersonal Affection

The feelings of warmth, fondness, and emotional closeness shared between individuals in personal relationships.