The interpretation of the ULRD in an attributes sampling application is a. The estimated rate of deviation
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Question:
The interpretation of the ULRD 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.
Expert Answer:
Since auditor using the sampling techniques he can never predict with certaint... View the full answer
Related Book For 
Auditing and Assurance Services
ISBN: 978-0077862343
6th edition
Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws
Posted Date:
