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Which of the following represents the best description of the tolerable exception rate?

Jennthejelly

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Which of the following represents the best description of the tolerable exception rate?

Which of the following represents the best description of the tolerable exception rate?

▸ the highest exception rate the auditor will permit in the control being tested and still conclude it is operating effectively

▸ the highest exception rate the auditor expects to find in the population

▸ the number of exceptions found in the sample divided by the sample size

▸ the highest estimated exception rate in a population at a given estimated population exception rate.

Textbook

Auditing and Assurance Services

Auditing and Assurance Services

Edition: 17^th

Authors: Arens, Elder, Beasley, Hogan

Read 35 times

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