Tolerable deviation rate is the maximum rate of deviation from a prescribed control that an auditor is willing to accept and still use the planned assessed level control risk.
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Q12: The auditors should plan to test each
Q13: The fourth step in assessing control risk
Q14: The two levels of internal control are
Q15: Once auditors understand the flow of transactions,
Q16: Prevention controls are those applied to each
Q18: The flow of a transaction, and the
Q19: Entity-level controls involve _.
A)all five components of
Q20: Attribute sampling is a technique used to
Q21: Most companies design detection controls _.
A)to ensure
Q22: Transaction-level controls are _.
A)implemented by businesses to
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