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 likelyGroup of answer choicesInappropriately decide not to rely upon the control.Appropriately decrease the assessed level of control risk.Appropriately increase the level of control risk.Inappropriately decide to rely upon the control.
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