Assessing control risk too high is the risk that the sample: a. Does not support tolerable error

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Assessing control risk too high is the risk that the sample:

a. Does not support tolerable error for some or all of management's assertions.

b. Contains proportionately more deviations from prescribed control procedures than actually exist in the population as a whole.

c. Contains monetary misstatements that could be material to the financial statements when aggregated with misstatements in other account balances or classes of transactions.

d. Contains proportionately fewer deviations from prescribed control procedures than actually exist in the population as a whole.

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Auditing And Assurance Services

ISBN: 9780538869522

5th Edition

Authors: David Ricchiute

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Question Posted: May 04, 2024 02:00 AM

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Assessing control risk too high is the risk that the sample: a. Does not support tolerable error

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The best answer is b Contains proportionately more deviati...View the full answer

Auditing And Assurance Services

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