ISA 530 Audit Sampling (Tolerable Error) | ACADX #shorts
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ISA 530 Audit Sampling (Tolerable Error) | ACADX #shorts
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For an attributes sampling plan, the tolerable deviation rate is4%, the computed upper deviation rate is 7%, the sample deviationrate is 3%, and the risk of assessing control risk too low is 5%.Which of the following is true? and please explain.a.) The auditor must increase control risk because the risk ofassessing control risk too low is greater than the tolerabledeviation rate(b) The auditor is likely to increase control risk because therisk of assessing control risk too low is greater than th
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