Which One of the Following BEST Describes What the Auditor

question 34

Multiple Choice

Which one of the following BEST describes what the auditor means by the rate of occurrence in the audit sampling plan?

• A) the frequency with which a certain characteristic occurs within a population
• B) the dollar range within which the true population total can be expected to fall
• C) the degree of confidence that the sample is representative of the population
• D) the number of errors that can reasonably be expected to be found in a population

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Definitions:

Mobile Payroll App

An application designed for mobile devices that allows employers to process payroll, calculate deductions, and manage employee payments remotely and on the go.

Payroll Processing

Payroll processing involves the management of financial records for a company’s employees, including salaries, wages, bonuses, deductions, and net pay.

Payroll Liabilities

Obligations arising from the payroll process, including taxes and employee benefits, that an entity owes but has not yet paid.

QBO Employee List

A feature in QuickBooks Online providing a comprehensive list and details of a company's employees.