Which of the Following Factors Does an Auditor Need to Consider

question 77

Multiple Choice

Which of the following factors does an auditor need to consider in planning a particular audit sample for a test of control?

• A)Estimated standard deviation.
• B)Total dollar amount of the items to be sampled.
• C)Acceptable level of risk of assessing control risk too low.
• D)Tolerable misstatement.

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Definitions:

Apoptosis

A process of programmed cell death that occurs in multicellular organisms.

Proto-oncogene

A normal gene that can become an oncogene due to mutations or increased expression, leading to cancer development.

Growth Factor

A hormone or chemical, secreted by one cell, that may stimulate or inhibit growth of another cell or cells.

Diploid State

The diploid state refers to a cell condition in which two sets of chromosomes are present, one from each parent, characteristic of most adult organisms.