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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
    Acceptable Risk of Assessing Control Risk Too Low Is the Risk
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Acceptable Risk of Assessing Control Risk Too Low Is the Risk

Question 34

Question 34

True/False

Acceptable risk of assessing control risk too low is the risk that the auditor is willing to take in accepting a control as effective when the true population exception rate is greater than the estimated population exception rate.

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