Which of the Following Would Be an Example of an Action

question 45

Multiple Choice

Which of the following would be an example of an action that exposes an auditor to nonsampling risk?

• A)The audit team draws a sample of transactions from throughout the entire period under audit.
• B)The audit team uses an inappropriate type of audit procedure to evaluate sample evidence.
• C)The audit team uses professional judgment in evaluating sample results.
• D)The audit team limits the selection of sample items to larger dollar balances in an account.

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Definitions:

Social Clock

The traditional expectations of society for when a person is expected to have achieved certain goals such as starting a family or getting settled into a career.

Temperament

The term often used for the “personality” of very young, pre-verbal children. Aspects of temperament include basic attributes such as activity level, emotional reactivity, and cheerfulness.

Individual Differences

Variations or deviations among individuals in their psychological traits, behaviors, or physiological responses.

Over The Life Span

Pertaining to the entirety of an individual's life, from birth to death, and the various psychological or physical changes that occur during this time.