PracticeQuiz content is free on an ad-supported model.

Unfortunately, we can't support ad blocker usage because of the impact on our servers. If you'd like to continue, please disable your ad blocker and reload page.

Reload page

RTRP - IRS Registered Tax Return Preparer Test

Category - ABFA General Topics

Start a Study Session Sign up for Question of the Day

What does an ‘anomaly’ refer to in auditing terms?

Another name for the statement of financial position
Another name for the notes to the financial statements
An individual misstatement that is not representative of the population misstatement
An ‘audit test’ related to the statement of comprehensive income

Explanation

Answer: C - An anomaly is a misstatement that is not representative of the deviations in a population. It is a misstatement that cannot be traced back to a population.

Previous Next

Was this helpful? Upvote!

Start a Study Session Sign up for Question of the Day

RTRP - IRS Registered Tax Return Preparer Test

Top questions

Related questions

Most popular on PracticeQuiz

Ad-Blocker not supported

RTRP - IRS Registered Tax Return Preparer Test

Top questions

Related questions

Most popular on PracticeQuiz