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    Auditing and Assurance Services Study Set 1
  4. Exam
    Exam 15: Audit Sampling for Tests of Controls and Substantive Tests of Transactions
  5. Question
    The Auditor May Estimate the "Estimated Population Exception Rate" by Taking
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The Auditor May Estimate the "Estimated Population Exception Rate" by Taking

Question 112

Question 112

True/False

The auditor may estimate the "estimated population exception rate" by taking a small preliminary sample from the current year's data or by using the prior year's experience with the client.

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