This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The acceptable risk of overreliance (Read 115 times)

heyheyhey

  • Full Member
  • ***
  • Posts: 142
on: Aug 21, 2022

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.
Auditing and Assurance Services ¦ Arens, Elder, Beasley, Hogan ¦ 17th Edition
Buy Test-Bank


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
YES! Correct, THANKS for helping me on my review

AISCAMPING

  • Member
  • Posts: 347
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Malaria mortality rates are falling. Increased malaria prevention and control measures have greatly improved these rates. Since 2000, malaria mortality rates have fallen globally by 60% among all age groups, and by 65% among children under age 5.

Did you know?

Atropine, along with scopolamine and hyoscyamine, is found in the Datura stramonium plant, which gives hallucinogenic effects and is also known as locoweed.

Did you know?

Since 1988, the CDC has reported a 99% reduction in bacterial meningitis caused by Haemophilus influenzae, due to the introduction of the vaccine against it.

Did you know?

When blood is deoxygenated and flowing back to the heart through the veins, it is dark reddish-blue in color. Blood in the arteries that is oxygenated and flowing out to the body is bright red. Whereas arterial blood comes out in spurts, venous blood flows.

Did you know?

Your skin wrinkles if you stay in the bathtub a long time because the outermost layer of skin (which consists of dead keratin) swells when it absorbs water. It is tightly attached to the skin below it, so it compensates for the increased area by wrinkling. This happens to the hands and feet because they have the thickest layer of dead keratin cells.

Diverticulosis. It is the presence of abnormal pouches in the wall of the large intestine (diverticu Diverticulosis. It is the presence of abnormal pouches in the wall of the large intestine (diverticu
Monopoly, patented in 1935, was an instant best-seller: Players risk all their assets in an attempt Monopoly, patented in 1935, was an instant best-seller: Players risk all their assets in an attempt
Common Risk Factors Common Risk Factors
Risk assessment analyzes Risk assessment analyzes
How at Risk Are You? How at Risk Are You?
Age is the leading risk factor for cancer Age is the leading risk factor for cancer
Video: Muscle Fatigue and Recovery

For a complete list of videos, visit our video library