If an Auditor Were to Calculate an Estimate of the Errors

question 26

Multiple Choice

If an auditor were to calculate an estimate of the errors by direct projection from the sample to the population and found $7000 of net overstatement errors in a sample of $100 000 out of a total population of $900 000, the estimate of errors in the population is

• A) $6300.
• B) $778.
• C) $63 000.
• D) $77 778.

---

Definitions:

Audio Recording

The process or technique of capturing sound on a device for the purpose of playback or analysis.

Hypnagogic Sensations

Vivid sensory experiences that occur during the transition from wakefulness to sleep.

Delta Waves

Brain waves predominantly associated with deep sleep, characterized by their high amplitude and low frequency.

Genital Arousal

Physiological reactions of the genital organs in response to sexual stimulation, leading to increased blood flow and erection or lubrication.