If the Result Obtained from a Particular Sample Will Be

question 30

Multiple Choice

If the result obtained from a particular sample will be critical (that is, the auditor would not be able to render an unqualified opinion unless every item in the population were examined) , which of the following is the most important to the auditor?

• A) estimated population deviation rate
• B) tolerable deviation rate
• C) acceptable risk of assessing control risk too low
• D) size of the population

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Definitions:

Individual Users

Refers to single consumers or end-users who use products or services for personal, as opposed to commercial, purposes.

Spreadsheet

A digital document consisting of rows and columns used to organize data, perform calculations, and manage information.

Project Data

Information collected and used during the execution of a project, including metrics, progress reports, and outcomes.

Standard Normal Variable

A normalized random variable that has a mean of 0 and a standard deviation of 1.