When Using Sample Results to Estimate Unknown Error, the Auditor

question 56

True/False

When using sample results to estimate unknown error, the auditor may construct a confidence interval to determine if the estimated error is within the bounds set by the tolerable misstatement amount.

---

Definitions:

Rostrum

The anterior part of an organism's body, particularly the nose or snout.

Cartilages

Flexible connective tissues found in various forms in the body, serving to construct and support structures such as the ears, nose, and joints.

Ventrally

Pertaining to the belly or underside of an animal or organ.

Dorsally

Positioned towards the back side of an organism or towards the spine in humans.