An auditor planning tests of controls specifies a risk of assessing control risk too low of 10 per cent and a tolerable deviation rate of eight per cent and expects one deviation. For these specifications, the planned sample size should be in which range: (Use the following table to determine your answer.)
Number of factors for sampling risks of:
A) 30-40.
B) 40-50.
C) 50-60.
D) More than 60.
Correct Answer:
Verified
Q22: An underlying feature of random selection of
Q23: In determining the sample size for a
Q24: When planning a sample for a substantive
Q25: An auditor selecting a sample may use
Q26: An auditor uses sampling tables to determine
Q28: The tolerable deviation rate for a test
Q29: In audit sampling for substantive testing, a
Q30: When performing a test of controls with
Q31: An auditor planning tests of controls specifies
Q32: The auditor has decided to use systematic
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