If the Projected Misstatement Is Greater Than the Tolerable Misstatement,the

question 28

Multiple Choice

If the projected misstatement is greater than the tolerable misstatement,the auditor must

• A)give appropriate consideration to the sampling risk in the determination of whether the projected misstatement plus sampling risk is greater than the tolerable misstatement
• B)give appropriate consideration to the sampling risk in the determination of whether the projected misstatement plus sampling risk is less than the tolerable misstatement
• C)gather additional evidence to determine the amount of the material misstatement
• D)gather additional evidence to determine the amount of the actual tolerable misstatement

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Definitions:

Collectivistic

Emphasizing the group, community, or society over individual gain, and valuing social harmony, cooperation, and interdependence among members.

Community Support

Assistance and resources provided by a group of people to its members in times of need.

Loyalty

A strong feeling of support or allegiance to a person, group, or cause.

Gender

Socially and culturally constructed roles, behaviors, expressions, and identities that societies consider appropriate for men and women.