If an Auditor Tested 50 Transactions and Found Two Deviations

question 13

Multiple Choice

If an auditor tested 50 transactions and found two deviations from an important control activity,the auditor could conclude that:

• A)The tolerable rate is 4%.
• B)The critical rate of occurrence is 4%.
• C)The sample rate of deviation is 4%.
• D)The expected population deviation rate is 4%.

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Definitions:

Career Objectives

Statements outlining an individual's professional goals and aspirations, often included in resumes or job application materials to convey the types of roles and industries of interest.

Inaccuracies

Errors or deviations from truth or correctness in details.

Background Checks

The process of verifying the accuracy of an individual's claimed identities and histories, often employed before hiring or admissions.

Prospective Employer

An organization or individual considering hiring someone, often engaged in assessing candidates' suitability for a role.