4. As explained, [and as shown on the statistical tables] which of the following would be of most concern to auditors when dealing with statistical sampling related to a test of controls? a. b. Risk of Incorrect Acceptance; or Audit Effectiveness. Risk of Incorrect Acceptance; or Audit Efficiency. Risk of Incorrect Rejection; or Audit Effectiveness. Risk of Incorrect Rejection; or Audit Efficiency. Answer D 5. The partner of ABC CPA firm doing the audit of EmilyAnne Company owns a few shares of EmilyAnne Company common stock (worth about $20). Thus ABC CPA firm would not be considered independent of EmilyAnne Company. What concept is most likely involved? Answer 6. a. Independence in appearance b. Independence in attitude Independence in exercise d. Independence in fact c. Consider the following statements: a. I. There is an indirect relation between "Tolerable Deviation Rate" and "Sample Size". II. A form of the "sample decision rule" would be: If the Tolerable Deviation Rate is Greater than the Computed Upper Deviation Rate, then Controls are NOT acceptable I is true; II is true b. I is true; II is false. C. I is false; II is true d. I is false; II is false Answer 7. control An auditor wishes to calculate the appropriate sample size to use in testing controls. Based on the following parameters and the tables provided, what sample size will be used? Sampling risk i.e. Risk of Overreliance Expected (population) deviation rate Tolerable deviation rate Appropriate sample size would be: 10% 28 5% a. 38 b. 46 e. 181 Answer c. 78 d. 132 f. None of the above.. The answer is