In Performing Variables Sampling,the Auditor Will Conclude That the Account

question 89

Multiple Choice

In performing variables sampling,the auditor will conclude that the account balance is not materially misstated if the ____ is less than or equal to ____.

• A)Upper limit on misstatement; tolerable misstatement.
• B)Expected error; tolerable misstatement.
• C)Tolerable misstatement; upper limit on misstatement.
• D)Tolerable misstatement; expected error.

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Definitions:

Example

A representative case or instance used to illustrate a concept, rule, or procedure, or to act as a model for others to follow.

Reference Group

A social group that individuals use as a standard for evaluating their own behavior, values, and attitudes.

Example

A representative form or instance that is typical of a group or set and is often used for illustration or explanation.

Technological Differences

The variations in technology across different cultures, societies, or historical periods, impacting development, efficiency, and lifestyles.