The appropriate assumption to make regarding the overall percent of error in those population items containing an error is:
A)determined using random number tables.
B)set after a quantitative analysis of client's internal control system.
C)based on the auditor's personal judgment in the circumstances.
D)based on statistical analysis using confidence limits.

Question

Quizplus · Accepted Answer

The overall percent of error in population items containing an error is typically based on the auditor's personal judgment, considering the specific circumstances and understanding of the client's internal control system.

The Appropriate Assumption to Make Regarding the Overall Percent of Error