The Occurrence Rate or Exception Rate for Attribute Sampling Is

question 58

Multiple Choice

The occurrence rate or exception rate for attribute sampling is defined as the

• A)exception rate that the auditor will permit in the population and still be willing to use the assessed control risk.
• B)risk that the auditor is willing to take of accepting a balance as correct when the true misstatement in the balance is greater than materiality.
• C)exception rate that the auditor expects to find in the population before testing begins.
• D)ratio of the items containing a specific attribute to the total number of population items.

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Definitions:

Volitional Control

Refers to the ability to make wilful, conscious decisions or exert self-control over one's actions and reactions.

Attitude-Behavior Consistency

The extent to which individuals’ attitudes (beliefs and feelings) about an object predict their behavior towards that object.

Cognitive Dissonance

The mental discomfort experienced by a person who holds two or more contradictory beliefs, ideas, or values at the same time.

Theory of Planned Behavior

A theory that predicts an individual's intention to engage in a behavior at a specific time and place, considering the attitude toward the behavior, subjective norms, and perceived behavioral control.