In Determining the Sample Size for a Test of Controls

question 20

Multiple Choice

In determining the sample size for a test of controls, an auditor should consider the likely rate of deviations, desired confidence level and the:

• A) tolerable deviation rate.
• B) risk of incorrect acceptance.
• C) nature and cause of deviations.
• D) population size.

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Definitions:

Craft Union

A labor union representing workers who are skilled in a particular craft, aiming to protect their interests and negotiate on matters like pay and working conditions.

Company Unions

Labor organizations that are created, controlled, and financed by the employer, often lacking the independence or the power of traditional unions.

Scientific Management

A theory of management that analyzes and synthesizes workflows, aiming to improve economic efficiency, especially labor productivity.

Industrial Unions Federation

An organization that represents a coalition of unions from various sectors within the industrial segment, aiming to promote collective bargaining and workers' rights.