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:

Locus Of Control

Refers to an individual's belief about the extent to which their actions influence the outcomes of their life.

Conscientiousness

An attribute of being attentive, meticulous, and having the motivation to perform a task effectively.

Low Key

Describes a manner or approach that is deliberately understated or low in intensity, often to avoid attracting attention or to maintain a relaxed atmosphere.

Deliberate

Intended or planned, a process or action carried out with conscious intent and careful consideration.