For an attributes sampling plan, the tolerable deviation rate is 4%, the computed upper deviation rate is 7%, the sample deviation rate is 3%, and the risk of assessing control risk toolow is 5%. Which of the following is true? A. The auditor must increase control risk because the risk of assessing control risk too low is greater than the tolerable deviation rateB. The auditor is likely to increase control risk because the risk of assessing control risk too low is greater than the tolerable deviation rateC. The auditor must increase control risk because the computed upper deviation rate is greaterthan the tolerable deviation rateD. The auditor is likely to increase control risk because the computed upper deviation rate is greater than the tolerable deviation rate
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “For an attributes sampling plan, the tolerable deviation rate is 4%, the computed upper deviation rate is 7%, the sample deviation rate is ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
You are hired by the government to evaluate the impact of a policy change that affects one group of individuals but not another.
Answers (1)
After dividing the market into segments, Holiday Inn has created hotel offerings under the InterContinental, Crowne Plaza, Holiday Inn, Holiday Inn Express, Hotel Indigo and Candlewood Suites brands, targeted at price insensitive vacationers, 'road
Answers (1)
Fess Hardware Store had net credit sales of $8,500,000 and cost of goods sold of $5,000,000 for the year. The Accounts Receivable balances at the beginning and end of the year were $600,000 and $760,000, respectively.
Answers (2)
Worthy Ships initially issued 400,000 shares of $1 par stock for $2,000,000 in 2021. In 2023, the company repurchased 40,000 shares for $400,000. In 2024. 20,000 of the repurchased shares were resold for $320,000.
Answers (1)
nila is trying to choose between leasing or buying an automobile. At the end of the three years, she wants to keep the automobile, but she will buy it back.
Answers (1)
New Questions in Business
The essential requirement for different businesses to be related is that A. E) the production methods that they employ both entail economies of scale. B. B) the products of the different businesses are bought by much the same types of buyers. C.
Answers (1)
Which of the following statement best describes the difference between a trade surplus and a trade deficit?. A. A trade surplus is when a country exports more than it imports, while a trade deficit happens when imports exceed exports. B.
Answers (1)
A buyer and seller have entered into a contract for sale of a duplex. the buter defaults on the contract and the seller claims the escrow deposit per contractual agreement. What term applies to this situation?
Answers (1)
Daniel owns a small business that he is considering selling. he contracts with blair, a business attorney, to provide him with legal advice on the sale of his business. daniel's contract with blair is governed by
Answers (1)
One year ago Lerner and Luckmann Co. issued 15-year, noncallable, 7.5% annual coupon bonds at their par value of $1,000. Today, the market interest rate on these bonds is 5.5%.
Answers (1)