When Using Sampling in the Study of Internal Control,the Audit

question 120

Multiple Choice

When using sampling in the study of internal control,the audit team audit team would compare a conservative estimate of the rate of deviation to the

• A) Expected rate of deviation.
• B) Sample rate of deviation.
• C) Statistical rate of deviation.
• D) Tolerable rate of deviation.

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Definitions:

Victims

Individuals who have suffered harm or injury as a result of an action or event.

Misfortune

An instance of bad luck or an unfortunate condition or event affecting someone's life or circumstances.

Fundamental Attribution Error

The fundamental attribution error is the tendency to attribute others' behaviors to their personality or disposition rather than to external factors.

Personal Factors

Characteristics or attributes of an individual that influence their behavior and actions, including age, education, income, and personality traits.