Tony LaRussa an audit manager considered the control risk assessments
Tony LaRussa, an audit manager, considered the control risk assessments listed in the left column of the following table in evaluating A. Cardinal’s internal control over sales transactions. The sample sizes for the substantive procedures of the customer accounts receivable are shown to the right of each control risk. What risk of overreliance (ROO) could be assigned for tests of controls at each control risk level?


a. From top to bottom: 5%, 10%, 1%.
b. From top to bottom: 10%, 1%, 5%.
c. From top to bottom: 1%, 10%, 5%.
d. From top to bottom: 1%, 5%,10%.
Membership TRY NOW
  • Access to 800,000+ Textbook Solutions
  • Ask any question from 24/7 available
    Tutors
  • Live Video Consultation with Tutors
  • 50,000+ Answers by Tutors
OR
Relevant Tutors available to help