Indicate whether each of the following characteristics relate to the risk of overreliance (O),risk of underreliance (U),both (B),or neither (N).
1____.Is specifically considered by the auditor in determining sample size and evaluating sample results.
2____.Is characterized by the auditor's sample indicating that the control is functioning effectively.
3____.Results in the auditor drawing an incorrect conclusion with respect to the population being examined.
4____.Is also referred to as the risk of assessing control risk too high.
5____.Results in an effectiveness loss to the auditor.
6____.Is used to determine the appropriate sample selection method.
7____.Is characterized by the population deviation rate being less than the tolerable rate of deviation.
8____.Is an example of a sampling risk to which the auditor is exposed when performing tests of controls.
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