What is risk of incorrect acceptance?
A) The risk that the auditor concludes that a material misstatement does not exist when it does exist.
B) The risk that the auditor concludes that a material misstatement exists when it does not exist.
C) The risk that the auditor concludes that a material misstatement does not exist when it actually does not.
D) The risk that the auditor concludes that a material misstatement exists when it actually does.
Correct Answer:
Verified
Q45: When a customer fails to reply to
Q46: Non-sampling risk is typically controlled by _.
A)the
Q47: In non-statistical sampling, _.
A)the auditor determines sample
Q48: A statistical sample _.
A)should be picked carefully
Q49: What is sampling risk?
A)The risk that the
Q51: Which of the following refers to the
Q52: Non-sampling risk is the risk that _.
A)an
Q53: In which of the following circumstances must
Q54: Sampling risk is _.
A)the same thing as
Q55: Risk of incorrect rejection is defined as
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