"The Detailed Instructions for the Collection of a Particular Type

question 74

Multiple Choice

"The detailed instructions for the collection of a particular type of audit evidence" is the definition of a(n)

• A)sampling plan.
• B)audit procedure.
• C)audit plan.
• D)audit program.

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Definitions:

Marginal Analysis

The comparison of marginal (“extra” or “additional”) benefits and marginal costs, usually for decision making.

Marginal Benefits

The uplift in utility or enjoyment gained through consuming or producing an added unit of a good or service.

Marginal Costs

The added cost incurred when one more unit of a good or service is produced.

Marginal Benefit

The additional pleasure or utility gained when one more unit of a good or service is consumed.