While Performing a Substantive Test of Details During an Audit

question 56

Multiple Choice

While performing a substantive test of details during an audit, the auditor determined that the sample results supported the conclusion that the recorded account balance was materially misstated. Which of the following is the least likely auditor reaction to this discovery?

• A) perform expanded audit tests in the relevant areas
• B) increase detection risk in the relevant areas
• C) increase the sample size
• D) take no action until tests of other audit areas are completed

Understand the impact of unemployment and economic growth on an economy's production capabilities.

Differentiate between positive and normative statements and their roles in economics.

Recognize the difference between microeconomics and macroeconomics.

Understand the role of technological advances in economic growth and production.

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Definitions:

Heart Rate

The number of heartbeats per unit of time, typically expressed as beats per minute (bpm), indicating cardiovascular health.

Muscle Tone

The continuous and passive partial contraction of the muscles, or the muscle's resistance to passive stretch during resting state.

Miscarry

The spontaneous loss of a pregnancy before the fetus can survive outside the womb, often occurring before the 20th week of pregnancy.

Surrogate Mother

A woman who agrees to bear a child on behalf of another person or couple, often through artificial insemination or gestational surrogacy.