Question: You decide to use sampling for testing your client's controls. In the list below, which of the following audit consequences may follow? Group of answer
You decide to use sampling for testing your client's controls. In the list below, which of the following audit consequences may follow? Group of answer choices If sample results indicate that the control is operating effectively, but in fact it is not, control risk will be assessed too low. If sample results indicate that the control is operating effectively, but in fact it is not, control risk will be assessed too high. If sample results indicate that the control is not operating effectively, but in fact it is operating effectively, the audit is likely to be faulty because of reduced substantive tests. If sample results indicate that the control is not operating effectively, but in fact it is operating effectively, control risk will be assessed too low
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