As a result of tests of controls, an auditor assessed control risk too low and decreased substantive

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As a result of tests of controls, an auditor assessed control risk too low and decreased substantive testing. This assessment occurred because the true deviation rate in the population was

a. Less than the risk of assessing control risk too low, based on the auditor's sample.

b. Less than the deviation rate in the auditor's sample.

c. More than the risk of assessing control risk too low, based on the auditor's sample.

d. More than the deviation rate in the auditor's sample.

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Auditing An Assertions Approach

ISBN: 9780471134213

7th Edition

Authors: G. William Glezen, Donald H. Taylor

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Question Posted: May 07, 2024 08:01 AM

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As a result of tests of controls, an auditor assessed control risk too low and decreased substantive

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The correct answer is b Less than the deviation rate in the auditors sample When an auditor performs ...View the full answer

Auditing An Assertions Approach

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