When Errors Are Found in a Sample, Auditors in Practice

question 24

Multiple Choice

When errors are found in a sample, auditors in practice generally make the assumption:

• A)of a 100% assumption for all errors.
• B)that the population errors are larger than the sample errors.
• C)that the population errors are smaller than the sample errors.
• D)that the actual sample errors are representative of the population errors.

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Definitions:

Activities

Tasks, operations, or actions undertaken by individuals or groups to achieve specific goals.

Chronemics

the study of how time is perceived, structured, and used in communication, reflecting cultural values and individual preferences.

Culture

relates to the shared beliefs, values, norms, and practices that govern the behavior of people within a society or organization.

Grapevine

Informal, unofficial, and personal communication network within an organization.