Question: 5. Attribute sampling provides a basis for an auditor to conclude whether a. The internal controls are operating effectively b. The financial statements are materially

 5. Attribute sampling provides a basis for an auditor to concludewhether a. The internal controls are operating effectively b. The financial statementsare materially misstated c. The risk of incorrect acceptance is too high.

5. Attribute sampling provides a basis for an auditor to conclude whether a. The internal controls are operating effectively b. The financial statements are materially misstated c. The risk of incorrect acceptance is too high. d. Materiality for planning purposes is at a sufficiently low level. 6. Deviations from internal control procedures increase the risk of material misstatements. True or False? 7. Deviations from internal control procedures always cause material misstatements. True or False? 8. An auditor correctly performed attribute sampling. Nonetheless, Control Risk was higher (worse) than he thought. What could have caused this? a. The deviation rates of both the auditor's sample and the population exceed the tolerable deviation rate. tolerable b. The deviation rates of both the auditor's sample and the population are less than the deviation rate c. The deviation rate in the auditor's sample is less than the tolerable deviation rate, but the deviation rate in the population exceeds the tolerable deviation rate d. The deviation rate in the auditor's sample exceeds the tolerable deviation rate, but the deviation rate in the population is less than the tolerable deviation rate

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