Which of the Following Represents the Best Description of the Tolerable

question 46

Multiple Choice

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

• A)The highest exception rate the auditor will permit in the control being tested and still conclude it is operating effectively
• B)The highest exception rate the auditor expects to find in the population
• C)The number of exceptions found in the sample divided by the sample size
• D)The highest estimated exception rate in a population at a given EPER

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