Ask Question
BusinessBusiness
15 July, 04:56

During a concealment investigation, an investigator fails to recognize that an invoice had been forged. This represents a:

1. sampling risk.

2. non-sampling risk.

3. systematic risk.

4. systemic risk.

+4
Answers (2)
  1. 15 July, 05:18
    0
    Non-sampling risk

    Explanation:

    Non-sampling risk happens from an incomplete examination of the available data.

    Here investigator fails to recognize that an invoice had been forged. Thus, the data was examined in an incomplete way.
  2. 15 July, 07:50
    0
    B

    Explanation:

    Non sampling risk

    A non sampling risk is a part of audit risk that outcome stems from an incomplete examination of the available data. This results from the failure of an auditor to catch a mistake or a misstatement. This can happen because an evidence was either misinterpreted or procedures were misapplied that were inappropriate.

    Factors leading to Non samplimg risk are:

    Failure to recognize or discover a material misstatement

    Applying inappropriate audit procedures

    Misinterpretting of audit test results
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “During a concealment investigation, an investigator fails to recognize that an invoice had been forged. This represents a: 1. sampling ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
If the inflation rate increases faster than their income people will most likely
Answers (2)
The last step in the marketing process often includes: collecting the cash from sales to consumers. developing a written report to summarize the results of the period's marketing activities. deciding the best way to distribute the product.
Answers (1)
Suppose the nominal interest rate on a one-year car loan is 8% and the inflation rate is expected to be 3% over the next year. Based on this information, we know:
Answers (1)
The general ledger of Red Storm Cleaners has the following summary of the transactions for the year: 1. March 12 Provide services to customers, $60,000, of which $21,000 is on account. 2. May 2 Collect on accounts receivable, $18,000. 3.
Answers (1)
Smart cards can be used for a variety of purposes, including storing a user's financial facts, health insurance data, credit card numbers, and network identification codes and passwords. They can also store monetary values for spending.
Answers (2)
New Questions in Business
On January 1, Great Designs Company had a debit balance of $1,985 in the office supplies account. During the month, Great Designs purchased $463 and $420 of office supplies and journalized them to the asset account upon purchasing.
Answers (1)
Because the auditors of XYX Company accepted a client firm's questionable financial statements when the infractions have occurred over time, James believes that they are· setting ill-conceived goals.· exhibiting motivated blindness.
Answers (1)
One of your friends states that "operations management and supply chain management are primarily of interest to manufacturing firms." Is this true or false? Give some examples to support your answer
Answers (1)
Dan and Lori Cole operated a Curves franchise exercise facility in Angola, Indiana, as a partnership. The firm leased commercial space from Flying Cat, LLC, for a renewable three-year term. The Coles renewed the lease for a second three-year term.
Answers (1)
Your grandfather invested $1,000 in a stock 36 years ago. currently the value of his account is $318,000. what is his geometric return over this period?
Answers (2)
Home » Business » During a concealment investigation, an investigator fails to recognize that an invoice had been forged. This represents a: 1. sampling risk. 2. non-sampling risk. 3. systematic risk. 4. systemic risk.
Sign Up Forgot Password?