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Statistical sampling for attributes-testing internal control

Problem: 1. An auditor who uses statistical sampling for attributes in testing internal controls should reduce the planned reliance on a prescribed control when the:

a. Tolerable rate plus the allowance for sampling risk equals the sample rate of deviation

b - Sample rate of deviation plus the allowance for sampling risk equals the tolerable rate

c. Sample rate of deviation is less than the expected rate of deviation used in planning the sample

d. Tolerable rate less the allowance for sampling risk exceeds the sample rate of deviation

e. Sample rate of deviation plus the allowance for sampling risk exceeds the tolerable rate

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Accounting Basics: Statistical sampling for attributes-testing internal control

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Solution Preview :

Prepared by a verified Expert

Accounting Basics: Statistical sampling for attributes-testing internal control

Reference No:- TGS01740015

Have a Question? (oR Write a Review)

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Solution Preview :

Prepared by a verified Expert

Accounting Basics: Statistical sampling for attributes-testing internal control

Reference No:- TGS01740015

Recent Questions Asked Accounting Basics

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