An auditor planning tests of controls specifies a risk of assessing control risk too low of 10 per cent and a tolerable deviation rate of six per cent and expects no deviations. For these specifications, the planned sample size should be: (Use the following table to determine your answer.)
Number of factors for sampling risks of:
A) 60.
B) 50.
C) 40.
D) Some other amount.
Correct Answer:
Verified
Q32: The auditor has decided to use systematic
Q33: When performing a test of controls with
Q34: An auditor plans to examine the supporting
Q35: How would decreases in tolerable misstatement and
Q36: The tolerable deviation rate for tests of
Q38: An auditor is selecting a random sample
Q39: When using a statistical sampling plan for
Q40: The auditor has decided to use systematic
Q41: As a result of tests of controls,
Q42: An auditor is using the probability proportional
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