Sampling Risk Results from the Auditor's Failure to Recognize Exceptions

question 63

True/False

Sampling risk results from the auditor's failure to recognize exceptions in transaction data.

---

Definitions:

NLRA

The National Labor Relations Act of 1935; a foundational statute of US labor law which protects the rights of employees to organize, bargain collectively, and engage in other activities for their mutual aid or protection.

Dominant Paradigm

The prevailing set of beliefs, values, or techniques within a particular society or field that shapes its worldview and approach to problems.

Scientific Management

A management theory that advocates for the optimization of labor productivity through scientific methods and detailed analysis of work tasks.

Kaizan Philosophy

A continuous improvement strategy in business, originating from Japan, in which all employees work together to incrementally improve products, services, or processes.