The Tolerable Deviation Rate in Sampling for Tests of Controls

question 65

Multiple Choice

The tolerable deviation rate in sampling for tests of controls is:

• A)Used to determine the probability of the auditor's conclusion based upon reliance factors.
• B)The probability that the financial statements are not materially in error.
• C)A measure of the reliability of substantive tests.
• D)The rate the auditor will tolerate without modifying the planned assessment of control risk.

---

Definitions:

Phosphorus

A nonmetallic chemical element with the symbol P, essential for life, found in DNA and cell membranes.

Elemental Symbol

A one- or two-letter abbreviation that represents a chemical element as found on the periodic table.

Antimony

A metalloid element with the symbol Sb, used in alloys, fire retardants, and in semiconductor technology.

Elemental Symbol

A notation consisting of letters that represent a chemical element, used in chemical formulas and equations.