Multiple Choice
Which of the following occurs when,based on sample results,control risk is assessed excessively high?
A) Audit inefficiency.
B) A less expensive audit.
C) Reduction of substantive testing.
D) Errors that are more likely to occur than anticipated.
Correct Answer:
Verified
Correct Answer:
Verified
Q107: In attributes sampling,which of the following does
Q108: Dividing the population into relatively homogeneous groups
Q109: A sample which exceeds the tolerable rate
Q110: Incorrect acceptance is directly related to which
Q111: Nonstatistical samples should be based on the
Q112: Tolerable misstatement is the maximum amount of
Q113: Sampling risk is defined as the risk
Q114: In MUS sampling basic precision is the
Q115: Statistical sampling combines the theory of probability
Q116: For which of the following audit procedures