For attributes sampling, of the three factors that enter into sample size determination, which two factors can the auditor adjust to reflect the importance of the control?
A)Tolerable deviation rate and confidence level.
B)Expected deviation rate and confidence level.
C)Population size and tolerable deviation rate.
D)Tolerable deviation rate and expected deviation rate.

Question

Quizplus · Accepted Answer

The auditor can adjust the tolerable deviation rate and confidence level to reflect the importance of the control in attributes sampling. The tolerable deviation rate is the maximum error rate the auditor is willing to accept, and adjusting it directly impacts the perceived importance of the control. The confidence level reflects how sure the auditor wants to be about their conclusions, which also aligns with the importance of the control.

For Attributes Sampling, of the Three Factors That Enter into Sample