In Determining the Sample Size for a Test of Controls

question 311

Multiple Choice

In determining the sample size for a test of controls, an auditor should consider the likely rate of deviations, the allowable risk of assessing control risk too low, and the:

• A) Tolerable deviation rate.
• B) Risk of incorrect acceptance.
• C) Nature and cause of deviations.
• D) Population size.

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Definitions:

Permanent Part

A component or element of something that is not subject to change or removal, established as a lasting or enduring piece of the whole.

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An early form of long-distance communication technology that transmitted messages using electrical signals over wires, significantly influencing the 19th and early 20th centuries.

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