True or False: An auditor is testing a control with statistical sampling and determines the expected population deviation rate to be 2% and the tolerable deviation rate to be 7%. The auditor confirms there are 3 deviations found within the sample. True or False: The Auditor should confirm this control is operating effectively. ___

10% Risk of Assessing Control Risk Too Low Actual Number of Deviations Found Sample Size 10% Risk of Assessing Control Risk Too Low \begin{tabular}{|c|r|r|r|r|r|r|r|r|r|} \hline Expected Population Deviation Rate (\%) & \multicolumn{7}{|c|}{ Tolerable Deviation Rate (Number of Expected Errors) } \\ \hline 0.00 & 114(0) & 76(0) & 57(0) & 45(0) & 38(0) & 32(0) & 28(0) & 25(0) & 22(0) \\ \hline 0.50 & 194(1) & 129(1) & 96(1) & 77(1) & 64(1) & 55(1) & 48(1) & 42(1) & 38(1) \\ \hline 1.00 & 398(4) & 176(2) & 96(1) & 77(1) & 64(1) & 55(1) & 48(1) & 42(1) & 38(1) \\ \hline 1.50 & 1.463(22) & 265(4) & 132(2) & 105(2) & 64(1) & 55(1) & 48(1) & 42(1) & 38(1) \\ \hline 2.00 & & 590(12) & 198(4) & 132(3) & 88(2) & 75(2) & 48(1) & 42(1) & 38(1) \\ \hline 2.50 & & & 353(9) & 158(4) & 110(3) & 75(2) & 65(2) & 58(2) & 38(1) \\ \hline 3.00 & & & 730(22) & 258(8) & 132(4) & 94(3) & 65(2) & 58(2) & 52(2) \\ \hline 4.00 & & & & 873(35) & 274(11) & 149(6) & 98(4) & 73(3) & 65(3) \\ \hline 5.00 & & & & & 1,019(51) & 318(16) & 160(8) & 115(6) & 78(4) \\ \hline 6.00 & & & & & & 1,150(69) & 349(21) & 182(11) & 116(7) \\ \hline \end{tabular}