Which of the following is not considered to be non-sampling risk?
a. Misinterpretation of information.
b. Use of improper audit procedure.
c. The sample does not represent the population.
d. Carelessness of the auditor.
c
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Accrued salaries of $600 owed to employees for December 29, 30, and 31 are not taken into consideration in preparing the financial statements for the year ended December 31 . Indicate which items will be erroneously stated, because of the error, on (a)
the income statement for the year and (b) the balance sheet as of December 31 . Also indicate whether the items in error will be overstated or understated.
Which of the following combines renewable term insurance with a savings account paying market interest rates?
a. universal life b. decreasing term c. whole life d. straight whole life e. limited payment whole life
There are many possibilities for the background and text color you select. The best contrast is
A) Black text on white background. B) Yellow background with blue text. C) A textured background with black text. D) Blue text on a white background.
According to St Thomas Aquinas, an unjust law:
a. could not properly be considered law at all. b. is defective and morally objectionable. c. must be obeyed even if it is morally objectionable. d. must be overturned by a supermajority of the legislature.