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realgraverobb realgraverobb
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Assume the auditor decides a control is not effective if there is a population exception rate of 3%. Assume the auditor accepts this control as effective based on test of control with a sample of 100 items that had 2 exceptions. If the population actually has a 6% exception rate, the auditor correctly accepted the population because the sample was representative of the population.

▸ true

▸ false
Textbook 

Auditing and Assurance Services


Edition: 17th
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greiner76greiner76
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