As a Result of Tests of Controls,an Auditor Assessed Control

question 12

Multiple Choice

As a result of tests of controls,an auditor assessed control risk too low and decreased substantive testing.This assessment resulted because the true deviation rate in the population was ________.

• A)more than the risk of assessing control risk too low based on the auditor's sample
• B)less than the risk of assessing control risk too low based on the auditor's sample
• C)more than the deviation rate in the auditor's sample
• D)less than the deviation rate in the auditor's sample

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Definitions:

Industrial Revolution

The transition to new manufacturing processes in Europe and the United States, from the late 18th century to the early 19th century, which included the development of mechanized production methods.

Steam Engine

A heat engine that performs mechanical work using steam as its working fluid, fundamental to the Industrial Revolution for its role in powering machinery, trains, and ships.

Internet

A global network of interconnected computers that enables users to access information and communicate with each other across the world.

Communist Government

A political system where the state controls the economy and aims to achieve equality and the elimination of social classes through the abolition of private property.