A control is deemed to be more important than thought at the time that attributes sampling parameters were set. The auditor is most likely to respond by
A) Decreasing the risk of assessing control risk too high.
B) Increasing population size.
C) Decreasing the tolerable deviation rate.
D) Decreasing the expected deviation rate.

Question

Quizplus · Accepted Answer

If a control is deemed to be more important than originally anticipated, the auditor should decrease the tolerable deviation rate to ensure that a lower level of deviations is acceptable. This will help to mitigate the increased risk associated with the more important control. Decreasing the risk of assessing control risk too high (Answer A), increasing population size (Answer B), or decreasing the expected deviation rate (Answer D) are not direct responses to a more important control.

A Control Is Deemed to Be More Important Than Thought