Question: If the _____ exceeds the _____, the audit team would decide to rely on internal control as planned and maintain control risk at planned levels.

If the _____ exceeds the _____, the audit team would decide to rely on internal control as planned and maintain control risk at planned levels.
a. upper limit rate of deviation; tolerable rate of deviation.
b. tolerable rate of deviation; upper limit rate of deviation.
c. expected population deviation rate; tolerable rate of deviation.
d. tolerable rate of deviation; expected population deviation rate.

Step by Step Solution

3.39 Rating (168 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

a Incorrect The tolerable rate of deviation must exceed the upper limit rate of deviation for th... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (1 attachment)

Word file Icon

332-B-A-A-A-N (2616).docx

120 KBs Word File

Students Have Also Explored These Related Auditing Questions!