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malhi101 malhi101
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Which of the following statements is correct when dealing with sampling for exception rates?

▸ The term exception refers to both deviations from the client's control procedures and amounts that are not monetarily correct.

▸ When used with sampling, the term deviation is synonymous with the term exception.

▸ The actual population exception rate is the same as the sample exception rate.

▸ In using audit sampling for exception rates, the auditor is most concerned with the confidence interval.
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Auditing and Assurance Services

Auditing and Assurance Services


Edition: 17th
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LaceyCGibsonLaceyCGibson
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The term exception refers to both deviations from the client's control procedures and amounts that are not monetarily correct.
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