In a Monetary-Unit Sample with a Sampling Interval of $10,000

question 11

Multiple Choice

In a monetary-unit sample with a sampling interval of $10,000, an auditor discovered that a selected account receivable with a recorded amount of $5,000 had an audit amount of $2,000. The projected misstatement of this sample was:

• A)$3,000.
• B)$4,000.
• C)$6,000.
• D)$8,000.

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Definitions:

Field Experiments

Research studies conducted in natural settings outside the laboratory to study the effect of independent variables on real-life behaviors.

Consent Form

A document that participants receive before a study begins; the form contains enough information about the study procedures, including any potential harm they (or others) might experience, so participants can decide if they want to participate.

Informed Consent

A process in which individuals are clearly briefed on the key facts and risks of a procedure or experiment before agreeing to participate.

Psychological Study

The scientific research or investigation into human mind and behavior, exploring various aspects such as cognition, emotion, and social interactions.