Below Are Steps in the Process of Tests of Controls

question 48

Short Answer

Below are steps in the process of tests of controls for assessing control risk. Indicate, using the correct letter, the phase in which the step belongs.
A: Problem recognition phase
B: Evidence collection phase
C: Evidence evaluation phase
____ 1. Define the deviation conditions.
____ 2. Calculate the sample deviation rate.
____ 3. Judge the deviation rate in relation to the tolerable rate.
____ 4. Determine the sample size.
____ 5. Define the population.
____ 6. Perform procedures to test the controls.
____ 7. Specify the audit objectives.

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Definitions:

Cation

A positively charged ion that moves towards the cathode (negative electrode) in an electrical field.

Sodium

A chemical element with symbol Na and atomic number 11, essential for human health but harmful in excess.

Potassium

A mineral and electrolyte that is crucial for the proper functioning of the body's cells, nerves, and muscles, particularly the heart.

Hypertonic Solution

A solution with a higher concentration of solutes than another solution, often causing cell dehydration.