Which of the following is the level at which the control's failure to operate would cause the auditor to conclude that the control is not effective and would likely change the auditor's planned assessment of control risk in performing tests of account balances?

a. Tolerable failure rate.
b. Allowable risk of assessing control risk too low.
c. Expected failure rate.
d. Allowance for sampling error.

a

Business

You might also like to view...

Credit risk stems from non-repayment or delays in repayment of either principal or interest on FI assets.

a. true b. false

View
Business

Notes are long-term loans secured by a lien or mortgage on corporate assets

Indicate whether the statement is true or false

View
Business