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    Business
  3. Study Set
    Auditing and Assurance Services Study Set 2
  4. Exam
    Exam 18: Audit of the Acquisition and Payment Cycle: Tests of Controls, Substantive Tests of Transactions, and Accounts Payable
  5. Question
    An Auditor Is Using Audit Sampling to Test Transactions in the Acquisition
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An Auditor Is Using Audit Sampling to Test Transactions in the Acquisition

Question 37

Question 37

Multiple Choice

An auditor is using audit sampling to test transactions in the acquisition and payment cycle. She would normally set the tolerable exception rate at what level?


A) Low
B) Medium
C) High
D) Indeterminate

Correct Answer:

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