As a result of sampling procedures applied as tests of controls,an auditor incorrectly assesses control risk lower than appropriate.The most likely explanation for this situation is that
A) the deviation rates of both the auditor's sample and the population exceed the tolerable rate of deviation.
B) the deviation rates of both the auditor's sample and the population are less than the tolerable rate of deviation.
C) the deviation rate in the auditor's sample is less than the tolerable rate of deviation, but the deviation rate in the population exceeds the tolerable rate of deviation.
D) the deviation rate in the auditor's sample exceeds the tolerable rate of deviation, but the deviation rate in the population is less than the tolerable rate of deviation.
Correct Answer:
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Q1: Which of the following would not be
Q3: An erroneous decision to assess control risk
Q8: The auditor tested a sample of recorded
Q9: If the auditor were interested in ensuring
Q11: Which of the following sampling risks is
Q11: The risk of underreliance is the risk
Q16: In performing tests of controls over authorization
Q17: Which of the following statements is correct
Q18: For which of the following audit tests
Q19: Which of the following components of the
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