On the Basis of Attributes Sampling,an Auditor Decided to Increase

question 86

Multiple Choice

On the basis of attributes sampling,an auditor decided to increase the assessed level of control risk from the level originally planned.To achieve an overall audit risk level that is substantially the same as the original planned level of audit risk,the auditor would:

• A)Increase inherent risk.
• B)Increase overall materiality levels.
• C)Decrease substantive procedures.
• D)Decrease detection risk.

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Definitions:

Degeneracy

In operations research, this refers to a situation where a linear programming problem has more than one optimal solution path, possibly leading to an indefinite number of solutions.

Transportation Problem

A type of optimization and allocation problem in which goods are to be delivered from several suppliers to several consumers at the lowest cost.

Filled Cells

In spreadsheet or database management, this refers to cells that have data entered in them, as opposed to being blank.

Sources

Refers to the origins or starting points from which something is obtained or derived.