Chapter 9: Audit sampling 1.tolerable misstatement is equal or less than performance materiality for an account. a. True b. False 2.the risk of assessing control risk too high is the possibility that the sample results will cause the auditors to assess control risk at a higher level than is warranted based on the actual operating effectiveness of the control. a. True b.False 3.the risk assessing risk too high relates to the efficiency of the audit process. a. True b. False 4. All of the following will result in decreases in sample sizes for substantive testing except: a. risk of incorrect rejection increases brisk of incorrect acceptance increases c.tolerable misstatement increases d.population size increases 5.there are many kinds of statistical estimates that an auditor may find useful, but basically every statistical estimate in auditing is of either a quantity or of an error rate the statistical items that roughly correspond to "quantities' and 'occurrence rate respectively are: a. constants and variables b. attributes and variable c.variables and attributes d.constants and attributes