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Unformatted text preview: Terms: Attribute Sampling TDR - the tolerable deviation rate is the maximum percentage of errors for which you would still rely on internal control, thus decreasing CR and increasing DR ARO - the acceptable risk of assessing control risk too low indicates the risk you will accept of relying on IC when you should not. Confidence level is the inverse (1-ARO) EDR - expected population deviation rate is your best estimate of the percentage of errors obtained from last year's W|P's or a preliminary sample...
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This note was uploaded on 10/05/2011 for the course ACG 5637 taught by Professor Monikacaushoulli during the Fall '08 term at University of Florida.
- Fall '08