Narrative:

Autoplt failed to level at the assigned altitude during a descent. Altitude was not set correctly before the descent was started. We were 500 ft below the assigned altitude when we caught the error and climbed back. The autoplt can change altitude without the altitude preselect being set.

Google
 

Original NASA ASRS Text

Title: FLC OF AN ATR72 DSNDED BELOW ASSIGNED ALT DUE TO THE AUTOPLT NOT CAPTURING THE ALT DUE TO THE INCORRECT ALT WAS SET IN THE AUTOPLT ALT SELECT.

Narrative: AUTOPLT FAILED TO LEVEL AT THE ASSIGNED ALT DURING A DSCNT. ALT WAS NOT SET CORRECTLY BEFORE THE DSCNT WAS STARTED. WE WERE 500 FT BELOW THE ASSIGNED ALT WHEN WE CAUGHT THE ERROR AND CLBED BACK. THE AUTOPLT CAN CHANGE ALT WITHOUT THE ALT PRESELECT BEING SET.

Data retrieved from NASA's ASRS site as of July 2007 and automatically converted to unabbreviated mixed upper/lowercase text. This report is for informational purposes with no guarantee of accuracy. See NASA's ASRS site for official report.