What is the tolerable rate of deviation? How does the audit team use it when deciding whether torely on internal control?
What is the tolerable rate of deviation? How does the audit team use it when deciding whether torely on internal control?
Auditing: A Risk Based-Approach (MindTap Course List)
11th Edition
ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter7: Planning The Audit: Identifying, Assessing, And Responding To The Risk Of Material Misstatement
Section: Chapter Questions
Problem 10RQSC
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What is the tolerable rate of deviation? How does the audit team use it when deciding whether to
rely on internal control?
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