Multiple Choice
When testing controls,the tolerable error is:
A) the minimum rate of deviation that an auditor will accept
B) the tolerable rate of deviation that an auditor will accept before concluding that a control is ineffective
C) the tolerable rate of deviation that an auditor will accept before concluding that a control is effective
D) the maximum amount of error in an account balance that an auditor will accept before concluding that an account is materially misstated
Correct Answer:

Verified
Correct Answer:
Verified
Q21: If the total projected error in an
Q22: The risk that the auditor concludes that
Q23: An account is at a higher risk
Q24: Tolerable error is the minimum error an
Q25: When conducting an audit,statistical sampling involves<br>A)calculated selections
Q27: A range of sampling techniques are available
Q28: Explain the differences between the main objectives
Q29: Which of the following is not an
Q30: An increase in the number of sampling
Q31: Projected error refers to the extrapolation of