Which of the Following Is the Least Likely Outcome When

question 75

Multiple Choice

Which of the following is the least likely outcome when the upper limit on misstatement exceeds the tolerable misstatement?

• A)The auditor would be exposed to the risk of incorrect rejection.
• B)The auditor would be exposed to an efficiency loss.
• C)The auditor would consider expanding the sample to evaluate additional transactions or components of the account balance.
• D)The auditor would conclude that the account balance is fairly stated.

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The extent to which information or material is applicable and meaningful to the topic or context of interest.

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Achieving a high level of proficiency and understanding of specific subject matter or information.

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