Which of the Following Statements Is Correct About the Sample

question 7

Multiple Choice

Which of the following statements is correct about the sample size in statistical sampling when testing internal controls?

• A)The auditor should consider the tolerable rate of deviation from the controls being tested in determining sample size.
• B)As the likely rate of deviation decreases,the auditor should increase the planned sample size.
• C)The allowable risk of assessing control risk too low has no effect on the planned sample size.
• D)Of all the factors to be considered,the population size has the greatest effect on the sample size.

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Definitions:

Trophic Level

A position in a food chain or ecological pyramid occupied by a group of organisms with similar feeding mode (e.g., primary producers, herbivores, carnivores).

Energy Incorporation

The process of converting energy from one form into another form usable by an organism, often involved in metabolism and bodily functions.

Percentage

A proportion or share in relation to a whole, represented as a fraction of 100.

Removes Carbon

The process of removing carbon typically refers to extracting carbon dioxide (CO2) from the atmosphere or emissions, a critical action for reducing global warming and climate change.