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When Using Sample Results to Estimate Unknown Error, the Auditor

question 56

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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:

Epiglottis

A leaf-shaped flap of cartilage located behind the tongue, at the top of the larynx, which prevents food and drink from entering the windpipe during swallowing.

Glottis

The opening between the vocal cords.

Pleura

The thin membrane that covers the lungs and lines the chest cavity, facilitating smooth respiratory movements.

Alveoli

Tiny air sacs in the lungs where the exchange of oxygen and carbon dioxide takes place.

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