The statement that is most accurate about the terminology applied to errors identified when applying tests of controls or substantive testing to an audit sample is:
A) an error identified in substantive testing is referred to as an irregularity.
B) an error identified in substantive testing is referred to as a control deviation.
C) an error identified in a test of controls is referred to as a misstatement.
D) an error identified in a test of controls is referred to as a control deviation.

Question

Quizplus · Accepted Answer

An error identified in a test of controls is indeed referred to as a control deviation, indicating that the controls did not operate as intended.

The Statement That Is Most Accurate About the Terminology Applied