An Auditor Using Variables Sampling to Perform Substantive Procedures Concludes

question 68

Multiple Choice

An auditor using variables sampling to perform substantive procedures concludes that the account balance is misstated.This conclusion is the result of which of the following?

• A)The actual rate of deviation is greater than the tolerable rate of deviation.
• B)The upper limit on misstatement is less than the tolerable misstatement.
• C)The upper limit rate of deviation is less than the tolerable rate of deviation.
• D)The upper limit on misstatement is greater than the tolerable misstatement.

---

Definitions:

Inclusion Initiatives

Programs or policies designed to ensure all individuals, regardless of their background, can participate fully in organizational activities.

Organizational Role

The expected behavior and responsibilities associated with a particular position within an organization.

Grievance/Complaint Procedures

Formal processes through which employees can voice complaints or concerns regarding workplace issues, often leading to resolution or mediation.

Laws And Regulations

Are legally binding rules and directives that individual, businesses, and other entities must follow, established by governmental bodies.