In the Study of Internal Control,the Auditor Uses Sampling to Compare

question 64

Multiple Choice

In the study of internal control,the auditor uses sampling to compare the ______________ to the ______________.

• A) adjusted estimate of misstatement; overall materiality
• B) sampling risk; precision
• C) adjusted estimate of the deviation rate; tolerable rate of deviation
• D) precision interval; upper limit on misstatement

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Definitions:

Consultative Function

A role or service that provides expert advice and guidance in a particular field or area, typically to help organizations make informed decisions.

MIS Department

Stands for Management Information Systems Department, a division in an organization that focuses on computing technology and systems to manage company information and assist in strategic decision-making.

Current Average

A statistical term referring to the present or most recent average value of a particular dataset or measurement.

Related Files

Documents or data that are connected by a common theme, project, or purpose, making them relevant to each other.