As a Result of Tests of Controls,an Auditor Assessed Control

question 67

Multiple Choice

As a result of tests of controls,an auditor assessed control risk too low and decreased the number of substantive procedures performed.This assessment occurred because the true deviation rate in the population was

• A) More than the risk of overreliance based on the auditor's sample.
• B) More than the deviation rate in the auditor's sample.
• C) Less than the risk of overreliance based on the auditor's sample.
• D) Less than the deviation rate in the auditor's sample.

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Definitions:

Big Five Traits

A theoretical framework for personality that defines five major traits of human personality, including openness, conscientiousness, extraversion, agreeableness, and neuroticism.

Lexical Hypothesis

The theory suggesting that the most important features of human personality are captured by the language that we use to describe people.

Translate

The process of converting text or speech from one language into another, ensuring that the original meaning is accurately conveyed.

Cultures

The shared beliefs, practices, norms, and values of a group of people that are passed down from generation to generation, shaping their way of life and interactions.