When Evaluating Sample Test Results,which of the Following Statements Is

question 37

Multiple Choice

When evaluating sample test results,which of the following statements is in?

• A)an auditor will not consider whether the population was stratified before being sampled
• B)if an error is considered to be unique it will be removed before projecting remaining errors to the population
• C)if an auditor discovers errors when testing transactions or account balances,they will need to project the error to the population being tested
• D)if the rate of deviation exceeds the tolerable rate the auditor will extend their testing

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Definitions:

Purchase Transactions

The process of acquiring goods or services in exchange for money or its equivalent, often documented through financial records.

Acquisition Processes

The series of steps involved in acquiring goods or services, from identifying needs to receiving and integrating the acquired assets.

Uncertainty

The lack of certainty or predictability in situations, which can impact decision-making and planning in businesses and personal affairs.

Inventories

Quantities of goods or materials that are held by a business as part of its current assets for the purpose of resale or production.