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.

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Definitions:

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Particulate matter or vapors present in the air that can be harmful to health or the environment, often produced by industrial processes or vehicle emissions.

Brake Pedal

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Shoes designed with a protective steel cap in the toe area to protect feet from injuries.