Which of the following factors is most likely established based on the results of prior audit examinations?
A) Expected error.
B) Population size.
C) Risk of incorrect acceptance.
D) Tolerable misstatement.

Question

Quizplus · Accepted Answer

Expected error is often established based on the results of prior audit examinations, as it reflects the auditor's anticipation of the level of errors in the population based on past findings.

Which of the Following Factors Is Most Likely Established Based