In Testing Accounts Receivable,an Auditor Sends Out Positive Confirmation Requests

question 3

Multiple Choice

In testing accounts receivable,an auditor sends out positive confirmation requests to 100 randomly selected customers.A customer returns the confirmation indicating that the balance is correct when,in fact,the balance is overstated.This is an example of:

• A)Projected misstatement.
• B)Sampling error.
• C)Standard error.
• D)Nonsampling error.

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Definitions:

I Proposition

In traditional logic, an "I proposition" is a type of categorical proposition that affirms some, but not all, members of the subject class are members of the predicate class, often structured as "Some S are P."

Explicit Quantifiers

Symbols or phrases in logic that explicitly specify the quantity of subjects to which a statement applies.

Universal

A term referring to concepts, properties, or statements that apply universally, without exceptions.

Particular

In philosophy, an individual object as opposed to a universal quality; distinguished from general or universal by being specific or detailed.