Which of the following is not true with respect to the risk of incorrect rejection?
A) Incorrect rejection occurs when the auditor concludes that the account balance is not fairly stated.
B) The risk of incorrect rejection has an inverse relationship with sample size.
C) The risk of incorrect rejection exposes the auditor to an efficiency loss.
D) Incorrect rejection occurs when the true (but unknown) account balance is materially misstated.
Correct Answer:
Verified
Q13: Which component of the expanded audit risk
Q14: When the _ exceeds the_,the audit team
Q15: The risk of incorrect acceptance relates to
Q16: Which of the following is not an
Q17: Which of the following is not true
Q19: Which of the following would not be
Q20: Which of the following would not result
Q21: Under monetary unit sampling,the sampling interval is
Q22: What is the projected misstatement?
A)$5,000.
B)$10,000.
C)$15,000.
D)$30,000.
Q23: Using an incremental confidence factor of 1.58
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