[Sal]

could anyone explain me these terms I’m a bit confused. I understand most of it just need to fill in the gaps. I have posted what I have understood so far. thank you.

– Sample Deviation rate ?
– Allowance for sampling Risk ?
-Tolerable rate : the rate that the auditor is willing to tolerate
– upper precision limit : Sampling deviation rate + allowance for sampling , upper precision should be less than tolerate rate for the auditor to rely on controls? and if the tolerable rate is greater than the upper precision limit than we don’t rely on controls?
-Error rate: auditors estimate of sample based on judgement and professional experience for attribute sampling is always in % and not $$ amounts.

- SAL