If an Auditor Is Evaluating a Sample for a Test

question 8

Multiple Choice

If an auditor is evaluating a sample for a test of controls of 50 items and specifies a risk of assessing control risk too low of five per cent and finds one deviation, the approximate achieved maximum deviation rate, (rounded to the nearest one per cent) is: (Use the following table to determine your answer.)
Number of factors for sampling risks of:

• A) 10 per cent.
• B) six per cent.
• C) 11 per cent.
• D) four per cent.

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Definitions:

Psychotic Behaviors

Actions or behaviors that are typically associated with experiencing psychosis, including hallucinations, delusions, disordered thinking, and acting in a way that is out of touch with reality.

Positive Feedback

A process in which the effects of a small disturbance on a system include an increase in the magnitude of the perturbation.

Situational Low Self-esteem

A temporary dip in a person’s self-worth or self-respect, often triggered by a specific situation or event.

Filipino American

A person of Filipino origin or descent who is a citizen or resident of the United States.