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

Author Question: The acceptable risk of overreliance (Read 90 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

kswal303

  • Member
  • Posts: 316
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

About 3% of all pregnant women will give birth to twins, which is an increase in rate of nearly 60% since the early 1980s.

Did you know?

A strange skin disease referred to as Morgellons has occurred in the southern United States and in California. Symptoms include slowly healing sores, joint pain, persistent fatigue, and a sensation of things crawling through the skin. Another symptom is strange-looking, threadlike extrusions coming out of the skin.

Did you know?

By definition, when a medication is administered intravenously, its bioavailability is 100%.

Did you know?

The B-complex vitamins and vitamin C are not stored in the body and must be replaced each day.

Did you know?

Many supplement containers do not even contain what their labels say. There are many documented reports of products containing much less, or more, that what is listed on their labels. They may also contain undisclosed prescription drugs and even contaminants.

Shark - These species are all at risk of extinction Shark - These species are all at risk of extinction
Acceptable ranges of heart rate Acceptable ranges of heart rate
Risk Factors for Cancer Risk Factors for Cancer
Every society has boundaries that divide what is considered socially acceptable from what is not ... Every society has boundaries that divide what is considered socially acceptable from what is not ...
Vial Washing System - Risk Based Approach Vial Washing System - Risk Based Approach
Percentage of youth age 15 to 19 years with at-risk levels of body composition & fitness Percentage of youth age 15 to 19 years with at-risk levels of body composition & fitness
Video: Hyperglycemia Animation

For a complete list of videos, visit our video library