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Auditing & Assurance Services 6th Edition by Timothy Louwers
Edition 6ISBN: 978-0077862343Auditing & Assurance Services 6th Edition by Timothy Louwers
Edition 6ISBN: 978-0077862343 Exercise 288
If an audit team examined 100 transactions and found one deviation from an important control procedure, the audit conclusion could be that control risk can be assessed at the associated control risk level when
A) The tolerable rate of deviation is 2 percent.
B) The tolerable rate of deviation is 3 percent.
C) The tolerable rate of deviation is 4 percent.
D) More information about decision criteria is available.
A) The tolerable rate of deviation is 2 percent.
B) The tolerable rate of deviation is 3 percent.
C) The tolerable rate of deviation is 4 percent.
D) More information about decision criteria is available.
Explanation
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Verified
If Upper limit rate of deviation is less...
Auditing & Assurance Services 6th Edition by Timothy Louwers
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