While Selecting a Sample of Sales Invoices for a Test

question 45

Multiple Choice

While selecting a sample of sales invoices for a test of internal controls,the auditor was unable to locate one invoice and classified this invoice as non-deviation.This is an example of

• A)Sampling risk.
• B)Incorrect acceptance.
• C)Nonsampling risk.
• D)Deviation risk.

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Definitions:

Union Jobs

Positions of employment that are represented by a labor union, offering benefits such as collective bargaining rights and union protection.

Unionized Employers

Employers that have their workforce represented by a union for the purposes of collective bargaining and labor relations.

Better Benefits

Enhanced or improved employment benefits, including health insurance, retirement plans, or vacation time, often negotiated for by employees or unions.

Recognition Clause

A provision in a collective bargaining agreement that designates a specific union as the official representative of the workers.