Which of the Following Occurrences Would Be Least Likely to Warrant

question 116

Multiple Choice

Which of the following occurrences would be least likely to warrant further audit attention for the auditor?

• A) deviations from client's established control procedures
• B) deviations from client's budgeted values
• C) monetary misstatements in populations of transaction data
• D) monetary misstatements in populations of account balance details

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Definitions:

Preceptor

is an experienced practitioner or faculty member who supervises and offers guidance to students or less experienced professionals in a specific field.

Constructive Criticism

A type of critique aimed at giving an individual feedback about his or her performance in order to improve that performance.

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A document summarizing one’s employment and educational history.