When using a one-sided confidence interval,an auditor would conclude that a company is not in compliance with the internal control if the tolerable exception rate is higher than the upper bound.

Question

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In a one-sided confidence interval, if the tolerable exception rate is higher than the upper bound, it suggests that the observed exception rate is within acceptable limits, indicating compliance with the internal control, not non-compliance.

When Using a One-Sided Confidence Interval,an Auditor Would Conclude That