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SunnieeCA SunnieeCA
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2 years ago
If an auditor judgmentally selects a sample of one hundred items from a population and finds two exceptions, the auditor

▸ can conclude that the sample exception rate is 2%.

▸ can conclude that the population exception rate is 2%.

▸ can calculate the highest exception rate expected in the population.

▸ cannot make any conclusions about either the sample or the population.
Textbook 
Auditing and Assurance Services

Auditing and Assurance Services


Edition: 17th
Authors:
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Cow5215Cow5215
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2 years ago
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