The appropriate assumption to make regarding the overall percent of error in those population items containing an error is:
A) set after a quantitative analysis of client's internal control system.
B) determined using random number tables.
C) based on statistical analysis using confidence limits.
D) based on the auditor's personal judgement in the circumstances.

Question

Quizplus · Accepted Answer

The overall percent of error in population items containing an error is typically based on the auditor's personal judgement, considering the specific circumstances and context of the audit.

The Appropriate Assumption to Make Regarding the Overall Percent of Error