Question 1
You are determining the appropriate sample size to test accounts receivable. What three factors are the most important to consider?
Question 2
A danger in setting the acceptable risk of overreliance too low is
◦
The risk that the auditor is willing to take of accepting a control as
ineffective when it is effective | The risk that the auditor is willing to take of accepting a control as effective when it is ineffective |
| Yes | Yes |
◦
The risk that the auditor is willing to take of accepting a control as
ineffective when it is effective | The risk that the auditor is willing to take of accepting a control as effective when it is ineffective |
| No | No |
◦
The risk that the auditor is willing to take of accepting a control as
ineffective when it is effective | The risk that the auditor is willing to take of accepting a control as effective when it is ineffective |
| Yes | No |
◦
The risk that the auditor is willing to take of accepting a control as
ineffective when it is effective | The risk that the auditor is willing to take of accepting a control as effective when it is ineffective |
| No | Yes |
Tracking Goal-Setting Progress
The risk of dying before the age of 65 gets lower as family income gets higher.
Dual Systems Model of Risk-Taking
Common Risk Factors
Summary of Hale’s Lactation Risk Categories
The Risk of Nuclear Power