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:

Distressed Neighborhoods

Distressed neighborhoods refer to areas suffering from economic, social, and physical deterioration, often characterized by high levels of poverty and unemployment, as well as inadequate housing and services.

Poorly in School

Performing below expected academic standards, which can reflect difficulties in learning, external stressors, or other challenges.

Abused

Being subjected to harmful, injurious, or offensive treatment, often in the context of power imbalances.

Parents

Caregivers of a child or children who provide support, nurturing, and guidance in the development of the child.