The Exception Rate That the Auditor Will Permit in the Population

question 146

Multiple Choice

The exception rate that the auditor will permit in the population and still be willing to use the preliminary control risk assessment is called the

• A) acceptable exception rate.
• B) estimated population exception rate.
• C) sample exception rate.
• D) tolerable exception rate.

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Definitions:

Argument And Decision Mapping

A visual representation technique used to clarify the structure of arguments or the decision-making process by mapping out premises, conclusions, and relationships.

Share Analysis

The examination of a company's market share to understand its competitive position in the market.

Unbiased

Showing no prejudice for or against something; impartial.

Truthful

Pertaining to being honest and not containing or telling any lies.