The tolerable failure rate is the minimum rate of control procedure failure that can occur sufficient to cause the auditor to re-assess the preliminary assessment of control risk to a higher level.
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Q3: The individual auditable elements defined by the
Q4: Audit sampling is the application of an
Q6: The risk of incorrect acceptance of an
Q13: The expected failure rate is the auditor's
Q14: Increasing the expected failure rate will cause
Q16: The classical sampling methods include difference estimation,ratio
Q17: The tolerable misstatement is the confidence level
Q17: The sample size decreases as the allowance
Q18: An auditor uses sampling to determine the
Q18: Audit sampling implies the gathering of evidence
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