Question: In testing a particular key internal control, an auditor finds from a carefully-selected random sample of transactions that the computed upper deviation rate is 4
In testing a particular key internal control, an auditor finds from a carefully-selected random sample of transactions that the computed upper deviation rate is 4 percent, with 95% confidence. The tolerable deviation rate was set at 3 percent. If the true (unknown) population deviation rate is 3 percent, the auditor will most likely Group of answer choices Appropriately decrease the assessed level of control risk. Inappropriately decide not to rely upon the control. Inappropriately decide to rely upon the control. Appropriately increase the level of control risk
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