Auditors often use the ________ to determine the estimated population exception rate.
A) current year's audit results
B) tolerable exception rate
C) preceding year's audit results
D) estimated computed by management

Question

Quizplus · Accepted Answer

Auditors often use the preceding year's audit results to estimate the population exception rate, as it provides historical data that can be indicative of current conditions.

Auditors Often Use the ________ to Determine the Estimated Population