The Auditor Must Deal with Layers of the Computed Upper

question 50

Multiple Choice

The auditor must deal with layers of the computed upper deviation rate from the attributes table because there are different error assumptions for each error.Assume a sample of 100 had found one error, and the computed upper deviation rate is shown in the following table:
The precision limit for the layer with one error is:

• A)2)3%.
• B)3)8%
• C)6)1%.
• D)1)5%.

---

Definitions:

Import Restraints

Measures applied by countries to limit the quantity of goods that can be imported, such as tariffs and quotas.

Trade Surpluses

A situation where a country's exports exceed its imports, leading to a positive balance of trade.

Balance of Trade

The difference between a country's exports and imports of goods, indicating the net earnings from trade.

Income Disparities

The difference in earnings among individuals or groups, often highlighting the economic inequality within a society.