When a Customer Disagrees with the Amount Shown on an Account

question 52

True/False

When a customer disagrees with the amount shown on an account receivable confirmation, the auditor should not ask the client to reconcile the difference.

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Definitions:

Obtained Value

The real outcome or result attained through a statistical examination or experiment.

Within-groups Df

Degrees of freedom within groups in an analysis of variance (ANOVA), related to the variability of observations within each group.

Between-groups Df

Degrees of freedom associated with the variance between the groups in an ANOVA test, useful in determining the variability attributable to the difference between groups.

Simple Analysis of Variance

A statistical method used to compare the means of two or more groups to see if there is a significant difference between them.