Describe auditors belief about factors caused misstatement


Problem:

Assume that an auditor detected a misstatement in a sample they tested, but did not project the misstatement to the rest of the population because they concluded that the factors causing the misstatement are nonrecurring. Which of the following statements best describes the auditor's belief about the factors that caused the misstatement? Group of answer choices The auditor believes that the factors that caused the misstatement are not likely to occur in the rest of the population The auditor believes that the factors that caused the misstatement could recur in the population, but it's unclear how they might affect the population None of these A & B

 

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Accounting Basics: Describe auditors belief about factors caused misstatement
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