Which of the Following Is Least Likely to Be Considered

question 90

Multiple Choice

Which of the following is least likely to be considered material in an audit of a medium-sized organization?

• A) A $1, 000 overstatement of the accrued-vacation payable account.
• B) A violation of a government statute.
• C) Fraud resulting in a cash loss to the organization.
• D) An underpayment to the employee pension fund.

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Definitions:

Egocentrism

A cognitive trait where an individual has difficulty understanding that other people have their own perspectives and viewpoints.

Fixation

A persistent focus of the id’s libido energies on a particular stage of psychosexual development, leading to personality traits based on that stage.

Pessimism

The tendency to see the worst aspect of things or believe that the worst will happen; a lack of hope or confidence in the future.

Humility

The quality of having a modest or low view of one's importance, often seen as a virtue in various ethical and philosophical systems.