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    Auditing and Assurance Services Study Set 1
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    Exam 15: Audit Sampling for Tests of Controls and Substantive Tests of Transactions
  5. Question
    The Prior Year's Sample Exception Rate Is the Auditor's Best
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The Prior Year's Sample Exception Rate Is the Auditor's Best

Question 18

Question 18

True/False

The prior year's sample exception rate is the auditor's best estimate of the exception rate in the population for the current year.

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