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    Auditing and Assurance Services Study Set 2
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    Exam 15: Audit Sampling for Tests of Controls and Substantive Tests of Transactions
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    Acceptable Risk of Overreliance Is the Risk That the Auditor
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Acceptable Risk of Overreliance Is the Risk That the Auditor

Question 138

Question 138

True/False

Acceptable risk of overreliance is the risk that the auditor is willing to take in accepting a control as effective when the true population exception rate is greater than the estimated population exception rate.

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