The Occurrence Rate or Exception Rate for Attribute Sampling Is

question 58

Multiple Choice

The occurrence rate or exception rate for attribute sampling is defined as the

• A)exception rate that the auditor will permit in the population and still be willing to use the assessed control risk.
• B)risk that the auditor is willing to take of accepting a balance as correct when the true misstatement in the balance is greater than materiality.
• C)exception rate that the auditor expects to find in the population before testing begins.
• D)ratio of the items containing a specific attribute to the total number of population items.

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