A Control Is Deemed to Be More Important Than Thought

question 32

Multiple Choice

A control is deemed to be more important than thought at the time that attributes sampling parameters were set. The auditor is most likely to respond by

• A) Decreasing the risk of assessing control risk too high.
• B) Increasing population size.
• C) Decreasing the tolerable deviation rate.
• D) Decreasing the expected deviation rate.

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Definitions:

Economic Force

A factor that influences the direction and dynamics of an economy, including elements like supply and demand, inflation, and government policy.

Increased Automation

The growing use of machines and technology to perform tasks that were traditionally done by humans, leading to enhanced efficiency but also potential job displacement.

Human Resource Information System

An integrated system designed to help manage HR processes, employee data, and organizational policies and procedures, often through technology.

HRIS

Human Resource Information System, a digital solution for managing and automating many aspects of HR practices, from recruitment to payroll.