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An Auditor Discovers That an Account Balance Believed Not to Be

question 63

Multiple Choice

An auditor discovers that an account balance believed not to be materially misstated based on an audit sample was materially misstated based on the total population of the account balance.This is an example of which of the following types of sampling risks?


Definitions:

Manipulation Check

A test used to determine whether the manipulation of the independent variable has had the intended effect on the subjects.

Significant Results

Statistical outcomes that demonstrate a meaningful difference or relationship, indicating that findings are unlikely due to chance.

One-Tailed Tests

Statistical tests that determine if there is a significant difference in a specific direction between two groups.

Nominal Scale

The simplest form of measurement in which data are categorized based on qualitative attributes or names without a numerical or ordered value.

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