Answered step by step
Verified Expert Solution
Question
1 Approved Answer
An audit staff has completed testing of a key control activity. Below is pertinent information regarding her testing: Risk of incorrect acceptance: 10% Tolerable deviation
An audit staff has completed testing of a key control activity. Below is pertinent information regarding her testing: Risk of incorrect acceptance: 10% Tolerable deviation rate: 5% Expected deviation rate: 1% \# of deviations identified: 2 Based on the information above, what is the computed upper deviation rate? Hint: Round your sample size down if it falls between data points on the table. a. 6.2% b. 6.6% c. 6.9% . 7.5%
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started