The Amount by Which a Projected Misstatement in an Account

question 72

Multiple Choice

The amount by which a projected misstatement in an account balance or class of transactions differs from an actual misstatement as a result of the sample not being representative of the population would typically arise from:

• A)A misunderstanding of accounting principles.
• B)Sampling risk.
• C)Management override of an internal control policy or procedure.
• D)Risk of incorrect acceptance.

---

Definitions:

Lower-Status

Indicates a position or ranking that is considered to be inferior or less prestigious compared to others within a hierarchy or social structure.

Black Individuals

Persons identified or identifying themselves as having ancestry from any of the black racial groups of Africa.

Generalized Sense

A broad or widespread feeling or perception, not tied to specific instances or details, often reflecting a common or societal viewpoint.

Powerlessness

The sense of having little or no control over events.