With regard to confidence correlation, it can be said that: - ProProfs Discuss
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With regard to confidence correlation, it can be said that:

This question is part of CISA - Mock Test - Domain 1 (100 Questions)
Asked by Hemangdoshi, Last updated: Feb 23, 2020

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hemangdoshi

Hemangdoshi

Answered Sep 10, 2018

B. if an auditor knows internal controls are strong, the confidence coefficient may be lowered

Confidence coefficient is a probability that sample are true representation of the population. In any given scenario, when internal controls are strong, confidence coefficient /sample size may be lowered. Greater the confidence coefficient, higher the sample size or in other way higher the sample size, higher the confidence coefficient.
 

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