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    Business
  3. Study Set
    Auditing A Business Risk Approach
  4. Exam
    Exam 8: Tools Used in Gathering Audit Evidence
  5. Question
    The Tolerable Failure Rate Is the Minimum Rate of Control
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The Tolerable Failure Rate Is the Minimum Rate of Control

Question 108

Question 108

True/False

The tolerable failure rate is the minimum rate of control procedure failure that can occur sufficient to cause the auditor to re-assess the preliminary assessment of control risk to a higher level.

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