Define Expected Rate of Deviation

question 40

Multiple Choice

Define expected rate of deviation.

• A)It is the rate at which the auditor expects controls to not function as planned.
• B)It is the maximum rate of deviation from a prescribed control that an auditor is willing to accept.
• C)It is the rate that represents the confidence that the evidence obtained is representative of the underlying population from which the sample was taken.
• D)It is similar to the actual rate of deviation in the population.

---

Definitions:

Intuitive

Relating to knowing or understanding something without the need for conscious reasoning; instinctive.

Conventional

Adhering to accepted standards and norms, especially in a way that lacks originality.

Intuitive Thought

A cognitive process that involves understanding or knowing something without the need for conscious reasoning.

Factual

Based on facts; representing information that is true and can be verified through evidence or observation.