The Auditors' Failure to Recognize a Misstatement in an Amount

question 91

Multiple Choice

The auditors' failure to recognize a misstatement in an amount or a deviation in an internal control data processing procedure is described as a:

• A)Statistical error.
• B)Sampling misstatement.
• C)Standard error of the mean.
• D)Nonsampling error.

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Definitions:

Limit Switch

A device used to detect the presence or absence of an object or to determine its position by physically interacting with it, often acting as a safety mechanism.

Tag

In programming and automation, a label or identifier used to name a variable or element within a system.

Logic Continuity

Refers to the consistent and uninterrupted flow of logic in a control system or circuit, ensuring that operations proceed without logical breaks or errors.

Energize

To supply an electrical device or system with power or to activate a circuit, thereby enabling it to operate.