As a result of sampling procedures applied as tests of controls,an auditor incorrectly assesses control risk lower than appropriate.The most likely explanation for this situation is that:
A) The deviation rates of both the auditor's sample and the population exceed the tolerable rate of deviation.
B) The deviation rates of both the auditor's sample and the population are less than the tolerable rate of deviation.
C) The deviation rate in the auditor's sample is less than the tolerable rate of deviation,but the deviation rate in the population exceeds the tolerable rate of deviation.
D) The deviation rate in the auditor's sample exceeds the tolerable rate of deviation,but the deviation rate in the population is less than the tolerable rate of deviation.
Correct Answer:
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Q1: Which of the following would not be
Q2: Samples to test internal control procedures are
Q3: An erroneous decision to assess control risk
Q4: As part of the assessment of control
Q5: When the auditor concludes that a control
Q7: The ultimate purpose of control risk assessment
Q8: The purpose of tests of controls is
Q9: Why is the auditor more concerned with
Q10: The risk of underreliance is the probability
Q11: Which of the following sampling risks is
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