Question: 1.in a substantive test, the maximum monetary error that the auditor is willing to accept in an account balance or class of transactions is known

1.in a substantive test, the maximum monetary error that the auditor is willing to accept in an account balance or class of transactions is known as what

2.the maximum error in a population that the auditor is willing to accept is referred to as..

3.the risk that the sample is not representative which arises from the possibility that the auditor conclusion based on a sample may be different from the conclusion reached if the entire population were subjected to the same audit precedure is refered to as.

4.the risk that the audit staff carrying out the test form the wrong opinion about the population, even though the sample was representative which arises from factors that cause the auditor to reach an erroneous conclusion for any reason not related to the size of the sample is refered as

5.the risk that the auditors substantive test fail to find material errors in the financial statement is known as..

6.the susceptibility of an account balance or class of transactions to misstatement in other balance or classes, assuming that there are no related internal controls which can also to said to be the risk arising from the nature of clients business and its environment is refered to as.

7.the behavior on the parts of officials in the public sector, whether politicians or civil servants who enrich themselves or people close to them improperly and unlawfully by the misuse of public power entrusted to them is known as

8.what type of scheme where an employee knows his employer is seeking to purchase a certain assets and takes advantage of the situation by purchasing the assets himself(usually in the name of an acomplice or fictitious company) and resells the items to his employer at an inflated price.

9.a concept of computer audit where the computer and its programmes are treated as the target of the audit where the auditor focusses on the computer and its programme directly as contrated with examining the resuts of processing such as print out or files is known as.

10.a concept of computer audit where the auditor bypasses the computer by ignoring procedures which take place within the computer programme and concentrates solely on the inputs and the corresponding outputs is known as.

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