If the result obtained from a particular sample is critical to the formation of

Question

If the result obtained from a particular sample is critical to the formation of an audit opinion, which of the following is the most important to the auditor?

a.     Acceptable risk of assessing control risk too low.

b.     Estimated population exception rate.

c.     Tolerable exception rate.

d.     Size of the population.

If the result obtained from a particular sample is critical to the formation of an audit opinion, which of the following is the most important to the auditor?

a.     Acceptable risk of assessing control risk too low.

b.     Estimated population exception rate.

c.     Tolerable exception rate.

d.     Size of the population.

Explanation / Answer

If the result obtained from a particular sample is critical to the formation of an audit opinion, which of the following is the most important to the auditor:

  Acceptable risk of assessing control risk too low

Option a.  Acceptable risk of assessing control risk too low is correct answer.

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