If the Result Obtained from a Particular Sample for Control

question 33

Multiple Choice

If the result obtained from a particular sample for control and substantive tests of transactions is critical to the formation of an audit opinion, which of the following is the most important to the auditor in concluding of the appropriateness and sufficiency of evidence gathered?

• A) Acceptable risk of assessing control risk too low.
• B) Estimated population exception rate.
• C) Tolerable exception rate.
• D) Size of the population.

---

Definitions:

Excuses

Reasons or explanations put forward to defend or justify a fault or offense, often made to avoid taking responsibility.

Self-Talk

The internal dialogue that occurs in one's mind, which can be positive or negative and has the power to influence feelings and behaviors.

Confidence

A feeling of self-assurance arising from one's appreciation of their own abilities or qualities.

Self-Esteem

An individual’s subjective evaluation of their own worth, encompassing beliefs about oneself as well as emotional states such as triumph, despair, pride, and shame.