This topic contains a solution. Click here to go to the answer

Author Question: The acceptable risk of overreliance (Read 117 times)

heyheyhey

  • Full Member
  • ***
  • Posts: 142

Question 1

Place the following steps in their proper order:
1.Analyze exceptions.
2.Select the sample.
3.Define attributes and exception conditions.
4.State the objectives of the audit test.
5.Specify the tolerable exception rate.

◦ 1, 3, 2, 4, 5
◦ 4, 3, 1, 2, 5
◦ 4, 3, 5, 2, 1
◦ 1, 2, 3, 4, 5

Question 2

The acceptable risk of overreliance
◦ is the risk that the auditor will erroneously conclude that the controls are less effective than they actually are.
◦ is less of a concern to the auditors than the risk of underreliance.
◦ represents the auditor's measure of sampling risk.
◦ is determined by a statistical formula, and not by professional judgment.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by heyheyhey on Aug 21, 2022

iamkarenvv

  • Full Member
  • ***
  • Posts: 148
Reply #1 on: Aug 21, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 29% of students answer this correctly




heyheyhey

  • Member
  • Posts: 142
Reply 2 on: Aug 21, 2022
Gracias!


billybob123

  • Member
  • Posts: 336
Reply 3 on: Yesterday
:D TYSM

 

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

Did you know?

Astigmatism is the most common vision problem. It may accompany nearsightedness or farsightedness. It is usually caused by an irregularly shaped cornea, but sometimes it is the result of an irregularly shaped lens. Either type can be corrected by eyeglasses, contact lenses, or refractive surgery.

Did you know?

After a vasectomy, it takes about 12 ejaculations to clear out sperm that were already beyond the blocked area.

Did you know?

Atropine was named after the Greek goddess Atropos, the oldest and ugliest of the three sisters known as the Fates, who controlled the destiny of men.

Did you know?

The eye muscles are the most active muscles in the whole body. The external muscles that move the eyes are the strongest muscles in the human body for the job they have to do. They are 100 times more powerful than they need to be.

For a complete list of videos, visit our video library