Multiple Choice
The acceptable risk of overreliance
A) is the risk that the auditor will erroneously conclude that the controls are less effective than they actually are.
B) is less of a concern to the auditors than the risk of underreliance.
C) represents the auditor's measure of sampling risk.
D) is determined by a statistical formula, and not by professional judgment.
Correct Answer:
Verified
Correct Answer:
Verified
Q56: Which of the following is an accurate
Q57: When deciding the acceptability of the population,<br>A)
Q58: Explain the effect on sample size of
Q59: Which is not a method used by
Q60: When generating random numbers, the random numbers
Q62: Assume a client's internal controls require each
Q63: Sampling risk results from the auditor's failure
Q64: If a particular internal control is not
Q65: If the auditor concludes that the computer
Q66: When audit evidence is in electronic format,