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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 Expected Failure Rate Is the Auditor's Best Estimate of the Percentage
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The Expected Failure Rate Is the Auditor's Best Estimate of the Percentage

Question 79

Question 79

True/False

The expected failure rate is the auditor's best estimate of the percentage of transactions processed for which the control procedure is not effectively applied.

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