The Tolerable Exception Rate Is the Rate That the Auditor

question 134

True/False

The tolerable exception rate is the rate that the auditor will permit in the population and still be willing to conclude a control is effective.

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Definitions:

Projection

a defense mechanism where individuals attribute their own undesirable feelings, thoughts, or motivations to someone or something else.

Intellectual Inferior

The perceived or actual condition of having lower mental capacity or cognitive abilities compared to a standard or to others.

Reality Principle

in psychoanalytic theory, is the ability of the mind to assess the external world and act upon it accordingly, as opposed to acting on the pleasure principle.

Conscience

An inner sense of what is right and wrong in one's conduct and motives, urging one towards right action.