An Auditor Planning Tests of Controls Specifies a Risk of Assessing

question 22

Multiple Choice

An auditor planning tests of controls specifies a risk of assessing control risk too low of five per cent and a tolerable deviation rate of six per cent and expects one deviation. For these specifications, the planned sample size should be: (Use the following table to determine your answer.)
Number of factors for sampling risks of:

• A) 60.
• B) 50.
• C) 80.
• D) Some other amount.

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Definitions:

Company Expectations

The standards and objectives set by a business that it expects its employees and operations to meet.

Plagiarism

The act of using someone else's work or ideas without proper attribution, considered as a serious academic and creative offense.