Errors Are Usually More Difficult for an Auditor to Detect

question 56

True/False

Errors are usually more difficult for an auditor to detect than frauds.

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Definitions:

Supreme Court

The highest federal court in the United States, which has the ultimate appellate jurisdiction over all federal and state court cases involving issues of federal law.

Liberty of Contract

A legal principle that individuals have the freedom to negotiate the terms of their own contracts without unnecessary interference by the government.

Robert M. La Follette

An American Republican and later a Progressive politician, U.S. Senator, and a co-founder of the Progressive Party, known for his advocacy of direct democracy, labor rights, and educational reforms.

Walter Lippmann

An influential American writer, reporter, and political commentator known for his works on media and public opinion.