An Auditor Using Variables Sampling to Perform Substantive Procedures Concludes

question 68

Multiple Choice

An auditor using variables sampling to perform substantive procedures concludes that the account balance is misstated.This conclusion is the result of which of the following?

• A)The actual rate of deviation is greater than the tolerable rate of deviation.
• B)The upper limit on misstatement is less than the tolerable misstatement.
• C)The upper limit rate of deviation is less than the tolerable rate of deviation.
• D)The upper limit on misstatement is greater than the tolerable misstatement.

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