If the Total Projected Error in an Account Balance Was

question 75

Multiple Choice

If the total projected error in an account balance was $3,248 and the tolerable error was set at $10,000, the auditor would

• A) conclude that the errors uncovered are material.
• B) decide that further audit work was required.
• C) conclude that the errors detected are not material.
• D) conduct other tests aimed at the assertion being tested.

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Definitions:

Motivation

The internal or external forces that stimulate desire and energy in people to be continually interested and committed to a role, job, or subject, or to make an effort to attain a goal.

Glucose

A simple sugar that is an important energy source in living organisms and is a component of many carbohydrates.

Continuation Therapy

A phase of psychiatric treatment aimed at preventing relapse following acute response, extending over weeks to months.

Maintenance Therapy

Ongoing treatment to prevent the recurrence of disease or to prevent a disease from spreading further.