Using Statistical Sampling to Assist in Verifying the Year-End Accounts

question 69

Multiple Choice

Using statistical sampling to assist in verifying the year-end accounts payable balance,an auditor has accumulated the following data
Projecting the misstatement to the population,the auditor's estimate of year-end accounts payable balance would be:

• A)$5,050,000.
• B)$5,125,000.
• C)$6,000,000.
• D)$6,150,000.

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Definitions:

Youthfulness

The characteristics, qualities, or appearance traditionally associated with young people.

Social Status

The position or rank of a person or group within a society based on various factors including occupation, income, or education.

Ethological Action Pattern

Innate, pre-programmed behaviors observed in animals that occur as a response to specific stimuli.

Instinct

An innate, typically fixed pattern of behavior in animals in response to certain stimuli that is biologically driven rather than learned.