Question: **So what I'm trouble on, is create a proper and detailed explanation for the answer I've picked for this question** Based on the information in
**So what I'm trouble on, is create a proper and detailed explanation for the answer I've picked for this question**
Based on the information in the preceding question, the audit team determined that the allowance for sampling risk was... 5.0%.
Explain:
43.) If the _____ exceeds the _____, the audit team would decide to rely on internal control as planned and maintain control risk at planned levels. If the Tolerable rate of deviation exceeds the Upper limit rate of deviation...
Explain:
If the sample evidence does support the planned level of control risk, the audit team could... All of the above are acceptable (Increase the assessed level of control risk, Perform additional substantive procedures, reducing the necessary level of detection risk, Expand the sample to achieve an observed upper limit rate of deviation less than the tolerable rate of deviation).
Explain:
Which of the following best describes the method of determining the upper limit rate of deviation? Sample rate of deviation + Allowance for sampling risk.
Explain:
Which of the following factors used to determine sample size is normally based on the extent to which the audit team expects to rely on the internal control being examined? Tolerable rate of deviation
Explain:
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