In a Monetary-Unit Sample with a Sampling Interval of $5,000

question 49

Multiple Choice

In a monetary-unit sample with a sampling interval of $5,000, an auditor discovers that a selected account receivable with a recorded amount of $10,000 has an audit amount of $8,000. If this were the only error discovered by the auditor, the projected misstatement for this sample would be:

• A)$5,000.
• B)$4,000.
• C)$2,000.
• D)$1,000.

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Definitions:

Medical Model

A framework for understanding diseases and disorders as processes that can be diagnosed, treated, and often cured through medical intervention.

Diagnosis

The process of identifying a disease or condition by examining the symptoms and reviewing patient history and tests.

Behaviour Patterns

Repeated sets of actions or reactions exhibited by individuals in response to specific situations or stimuli.

Prognosis

The likely course or outcome of a disease or ailment, often considering the chances of recovery.