# Question

The interpretation of the upper limit rate of deviation in an attributes sampling application is

a. The estimated rate of deviation in the population with probability equal to the risk of overreliance that the population deviation rate is higher.

b. The estimated rate of deviation in the population with probability equal to the risk of overreliance that the actual rate of deviation is lower.

c. The estimated rate of deviation in the population with certainty that the actual rate of deviation is lower.

d. The estimated rate of deviation in the population with certainty that the actual rate of deviation is higher.

a. The estimated rate of deviation in the population with probability equal to the risk of overreliance that the population deviation rate is higher.

b. The estimated rate of deviation in the population with probability equal to the risk of overreliance that the actual rate of deviation is lower.

c. The estimated rate of deviation in the population with certainty that the actual rate of deviation is lower.

d. The estimated rate of deviation in the population with certainty that the actual rate of deviation is higher.

## Answer to relevant Questions

If an audit team examined 100 transactions and found one deviation from an important control procedure, the audit conclusion could be that control risk can be assessed at the associated control risk level when a. The ...Based on the information in the preceding question, the audit team determined that the allowance for sampling risk was a. 2.2%. b. 5.0%. c. 7.8%. d. 10.0%.In which step of a sampling plan is non-statistical sampling different from statistical sampling? a. Define the characteristic of interest. b. Define the population. c. Measure the sample items. d. Evaluate the sample ...Read each of the following cases. Explain for each case how you could select a sample having the best chance of being representative of the population using (1) unrestricted random selection and ( 2) systematic random ...Required: Review each of the following independent sets of conditions. For each condition, calculate the (1) Sample rate of deviation, and use AICPA sample evaluation tables to identify the (2) Upper limit rate of deviation ...Post your question

0