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:

Benefits

Advantages or favorable effects brought by something or actions that improve a situation or a person’s condition.

Ideological Orientation

A set of beliefs, values, and attitudes that shapes an individual's or group's worldview and political stance.

Powerful People

Individuals who hold significant authority, influence, or control over others, often in a specific context or society.

Deductive

A logical process wherein a conclusion is based on the concordance of multiple premises that are generally assumed to be true.