While Performing a Substantive Test of Details During an Audit

question 9

Multiple Choice

While performing a substantive test of details during an audit, the auditor determines that the sample results support the conclusion that the recorded account balance is materially misstated.It is, in fact, NOT materially misstated.This situation illustrates the risk of:

• A) assessing control risk too low.
• B) assessing control risk too high.
• C) incorrect rejection.
• D) incorrect acceptance.

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Definitions:

Personality Psychology

Area of psychology in which the psychologists study the differences in personality among people.

Trait Perspective

A psychological viewpoint that emphasizes the description and measurement of consistent personality characteristics, or traits, as the primary means of understanding individual differences.

Other Perspectives

Other perspectives involve considering alternative viewpoints or approaches to understanding concepts, problems, or situations.

Temperament

The behavioral characteristics that are fairly well established at birth, such as “easy,” “difficult,” and “slow to warm up”; the enduring characteristics with which each person is born.