Sampling results could lead the auditor to believe erroneously that the account does not contain more dollar

Question:

Sampling results could lead the auditor to believe erroneously that the account does not contain more dollar error than can be tolerated. Which of the following corresponds to the preceding statement?

a. The risk of incorrect acceptance.

b. The risk of incorrect rejection.

c. Estimation sampling.

d. Projected misstatement.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Auditing An Assertions Approach

ISBN: 9780471134213

7th Edition

Authors: G. William Glezen, Donald H. Taylor

See More Books

Question Posted: May 08, 2024 01:31 AM

See More Questions

Required a. Use professional judgment in deciding on the preliminary judgment about materiality for earnings, current assets, current liabilities, and total assets. Your conclusions should be stated...
These questions are from Brony's Bike Module-1 Prepare a complete organization chart for Brony's Bikes based on the narrative contained in Brony's Bikes Intro and Module 1, the section titled...
MULTIPLE-CHOICE QUESTIONS 1. Which of the following statements is true regarding the concept of materiality? a. Materiality is the magnitude of an omission or misstatement of accounting information...
Is an oil pipeline a simplex system, a half-duplex system, a full-duplex system, or none of the above? What about a river or a walkie-talkie-style communication?
Let (a) Find an orthogonal basis for comg A. (b) Find an orthogonal basis for ker A. (c) If you combine your bases from part (a) and (b), do you get an orthogonal basis of R4? Why or why not? 24-2...
Explain the four distinct roles managers may take in rationalizing morally questionable acts against the firm or on behalf of the firm. Be complete in your answer.
What is the critical test for any accounting system? Does this test rely on syntactic, semantic or pragmatic perspectives?
Service World maintains a petty cash fund. The fund custodian encountered the following events. a. The fund was established when a check for $ 300 was cashed and deposited into a locked cash box. b....
what ways do servant leaders prioritize the holistic well-being of their constituents, demonstrating empathy and humility in their leadership approach to cultivate a culture of care and mutual...
To determine an optimum sample size when sampling methods are used in a substantive test, all of the following factors must be considered except the a. Variation in the population. b. Risk levels the...
What four items are needed to determine the sample size when probability proportional to size sampling is used?
Which of the following represents an unbounded wildcard? (a)
9. Write a script that calculates the squares and cubes of the numbers from 6 to 11 and outputs HTML5 text that displays the resulting values in an HTML5 table format, as show below. [Note: This...
2. The ladder of a fire truck extends at a rate of i= 6 inches/s and elevates at the constant rate of 2 deg/s. Determine the magnitudes of the velocity and acceleration of the fireman when 0 = 50 and...
give your reflection for reading Andrew McAfee and Erik Brynjolfsson, Machine, Platform, Crowd. What did I learn? How did I learn it? Why does it matter? This criterion is linked to a Learning...
What is the minimum quantity firms need to sell in order to start earning profit given insurance costs of $50,000, materials o per unit, and break even quantity is 1500?
Use the maximum flow algorithm to find a maximum flow and a minimum cut in the given network, where the capacities of arc SA, AE, BD and DG are w=8, x = 9, y=11, and z=14. SC W 15 B x 8 V 7 C D Z 4...
Complete this table for refrigerant-134a: T oF P psia h, Btu/lbm x Phase description 80 78 15 10- 70 180 129.46 110 1.0
Refer to the data in QS 10-1. Based on financial considerations alone, should Helix accept this order at the special price? Explain.
Write a class called Rectangle that contains the following information: 1. Private instance variables for the height and width of the rectangle (int). 2. A two-argument constructor to set each of the...
Pikachu Company applies manufacturing overhead to production at 70% of direct labor cost. During the year ended 20xx, manufacturing overhead of $139,790 was applied to production; actual...
Pharoah sells window coverings to both commercial and residential customers. The following information relates to its budgeted operations for the current year: Commercial Residential Revenues...

Sampling results could lead the auditor to believe erroneously that the account does not contain more dollar

Question:

Step by Step Answer:

Auditing An Assertions Approach

Students also viewed these Business questions