In Attributes Sampling,if the Upper Limit of the Possible Deviation

question 35

True/False

In attributes sampling,if the upper limit of the possible deviation rate exceeds the tolerable rate,the auditor can rely upon the control as being effective.

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Definitions:

Alternative Courses

Different paths or strategies that can be chosen in decision-making processes to achieve a specific goal.

Actions

Deeds or steps taken in order to achieve a specific purpose.

Scenario Planning

A strategic planning method used to make flexible long-term plans based on different possible future scenarios.

Contingency Planning

The development of strategies and actions to prepare for and respond to unexpected events or emergencies that could negatively impact operations.