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🎯 One Important tip for an upcoming exam
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Must do Practical Case study based MCQ question of each chapter ( atleast 5 case per chapter )...
Statement 1- Continuous audit does not have any limitations.
Statement 2- Low acceptable sampling rise requires large sample.
The kind of relationship between tolerable error and sample size is--
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For a given level of audit risk,the acceptable level of detection risk bears __ relationship to the assessed risks of material misstatement at the assertion level.
Audit risk is a function of the risks of material misstatement and _
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