The Audit Team Decided to Reduce Planned Reliance on Internal

Multiple Choice

The audit team decided to reduce planned reliance on internal controls based on the results of attributes sampling.However,the actual rate of deviation in the population is lower than the tolerable rate of deviation.Which type of risk and loss is the audit team exposed to?

A) Risk of assessing control risk too low; efficiency loss
B) Risk of assessing control risk too high; effectiveness loss
C) Risk of assessing control risk too low; effectiveness loss
D) Risk of assessing control risk too high; efficiency loss