Factors Considered by an Auditor to Determine the Possibility That

question 14

Multiple Choice

Factors considered by an auditor to determine the possibility that the true population misstatement exceeds a tolerable amount in a nonstatistical sample include all of the following except for

• A) the extent to which items in the population have been audited 100%.
• B) the difference between the point estimate and acceptable control risk.
• C) whether misstatements tend to be offsetting or in only one direction.
• D) the amounts of individual misstatements.

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Definitions:

Muscle

Tissue in the body that contracts to allow movement of parts of the body.

Gluteus Maximus

The largest and strongest muscle in your body, located in the buttocks, responsible for movement of the hip and thigh.

Extends

To stretch out or spread from one point to another.

Rotates

The action of moving or turning around an axis or center point.