If an auditor is evaluating a sample for a test of controls of 50 items and specifies a risk of assessing control risk too low of 10 per cent and finds two deviations, the approximate maximum deviation rate (rounded to the nearest one per cent) is: (Use the following table to determine your answer.)
Number of factors for sampling risks of:
A) 10 per cent.
B) six per cent.
C) 11 per cent.
D) four per cent.
Correct Answer:
Verified
Q43: If auditors conducting attribute sampling found that
Q44: Which of the following would be an
Q45: An auditor is preparing to sample a
Q46: An auditor is planning the confirmation of
Q47: A sample selection procedure that is beneficial
Q49: All of the following are true for
Q50: Projection of sample results is required in
Q51: Sarah Jones, an auditor, believes the industry-wide
Q52: An auditor is planning the confirmation of
Q53: If an auditor is evaluating a sample
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents