If the Unadjusted Difference Resulting from Projecting the Error Rate

question 32

True/False

If the unadjusted difference resulting from projecting the error rate to the account balance is less than the tolerable misstatement, the auditor may choose to ignore the error.

---

Definitions:

Blue-Collar Deviance

characterizes unlawful or unethical behaviors committed by individuals in manual labor occupations or industrial jobs.

Collective Embezzlement

The act of embezzling funds or resources by a group of individuals, often within organizations or institutions.

Savings And Loan

Financial institutions that primarily focus on accepting savings deposits and making mortgage and other loans.

Nonbanking Activities

Financial services and transactions conducted by institutions that are not traditional, regulated banks, such as insurance, investments, and real estate.