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Author Question: Which of the following represents the best description of the tolerable exception rate? (Read 29 times)

sreghbsidhgjbndskijgnio

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on: Aug 21, 2022

Question 1

Which of the following must be set prior to testing a sample?
◦ sample exception rate
◦ achieved upper precision limit
◦ computed exception rate
◦ tolerable exception rate

Question 2

Which of the following represents the best description of the tolerable exception rate?
◦ the highest exception rate the auditor will permit in the control being tested and still conclude it is operating effectively
◦ the highest exception rate the auditor expects to find in the population
◦ the number of exceptions found in the sample divided by the sample size
◦ the highest estimated exception rate in a population at a given estimated population exception rate.
Auditing and Assurance Services ¦ Arens, Elder, Beasley, Hogan ¦ 17th Edition
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Marked as best answer by sreghbsidhgjbndskijgnio on Aug 21, 2022

SphnxKickin

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Reply #1 on: Aug 21, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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sreghbsidhgjbndskijgnio

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Reply 2 on: Aug 21, 2022
YES! Correct, THANKS for helping me on my review

bigcheese9

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Reply 3 on: Yesterday
Excellent

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