True State of Nature True State of Nature Auditors Decision Control is Effective Control is NOT Effective Control is Effective (a) Control is NOT Effective (b) 1 Identify the situation represented by the (a) and (b) in the decision matrix above 2 Discuss the consequences to the auditor of (a) and (b)

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True State of Nature True State of Nature Auditors Decision Control is Effective Control is NOT Effective Control is Effective (a) Control is NOT Effective

	True State of Nature	True State of Nature
Auditors Decision	Control is Effective	Control is NOT Effective
Control is Effective		(a)
Control is NOT Effective	(b)

1. Identify the situation represented by the (a) and (b) in the decision matrix above.

2. Discuss the consequences to the auditor of (a) and (b).

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