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  3. Study Set
    Auditing and Assurance Services Study Set 2
  4. Exam
    Exam 15: Audit Sampling for Tests of Controls and Substantive Tests of Transactions
  5. Question
    The Auditor Focuses on the Lower Limit of the Interval
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The Auditor Focuses on the Lower Limit of the Interval

Question 31

Question 31

True/False

The auditor focuses on the lower limit of the interval estimate, which is called the estimated computed lower exception rate (CLER) in tests of controls and substantive tests of transactions.

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