Which of the following factors does an auditor need to consider in planning a particular audit sample for a test of control?
A) Number of items in the population.
B) Total dollar amount of the items to be sampled.
C) Acceptable level of risk of assessing control risk too low.
D) Tolerable misstatement.

Question

Quizplus · Accepted Answer

The auditor needs to consider the acceptable level of risk of assessing control risk too low when planning an audit sample for a test of control, as it directly impacts the sample size and the reliability of the conclusions drawn from the sample.

Which of the Following Factors Does an Auditor Need to Consider