Factors Considered by an Auditor to Determine the Possibility That

question 14

Multiple Choice

Factors considered by an auditor to determine the possibility that the true population misstatement exceeds a tolerable amount in a nonstatistical sample include all of the following except for

• A) the extent to which items in the population have been audited 100%.
• B) the difference between the point estimate and acceptable control risk.
• C) whether misstatements tend to be offsetting or in only one direction.
• D) the amounts of individual misstatements.

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Definitions:

Academic Departments

Divisions within a college or university that specialize in a particular field of study.

Common Good

A concept that refers to the benefit or interests of all involved in a community or society.

Film and Photography

The art, practice, and technique of creating visual narratives through motion pictures and still images.

Entry-Level

A job or position that is designed for or accessible to people who are new to a field, profession, or activity and typically requires minimal prior experience or skills.