Multiple Choice
The tolerable deviation rate _______.
A) is the maximum rate of deviation from a prescribed control that an auditor is willing to accept and still use the planned assessed level of control risk
B) is the minimum rate of deviation from a prescribed control that an auditor is willing to accept and still use the planned assessed level of control risk
C) refers to the extent that audit fees can go over the roughly agreed amount
D) relates to how many immaterial misstatements the auditor finds
Correct Answer:
Verified
Correct Answer:
Verified
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