You perform a nonstatistical test of control the acceptable, Accounting Basics

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You perform a nonstatistical test of control the acceptable

Problem

You perform a nonstatistical test of control. The acceptable risk of assessing control risk is too low (ARACR) is 5%.The sample exception rate is 4%. Tolerable exception rate is 4%. Would you accept the control as working properly? Why or why not?

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Accounting Basics: You perform a nonstatistical test of control the acceptable

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Accounting Basics: You perform a nonstatistical test of control the acceptable

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