The risk of incorrect rejection of the account balance or class of transactions is an error that affects
A) the efficiency of the audit
B) the effectiveness of the audit
C) the reliability of the audit
D) the relevance of the audit
Correct Answer:
Verified
Q1: Audit risk can be divided into two
Q3: If we find misstatements in the sample
A)we
Q4: The more serious error of the errors
Q5: The auditor gathers evidence about whether balance
Q6: The auditor uses sampling for substantive tests
Q7: The items selected for examination are referred
Q8: Variables sampling is used to determine the
Q9: Sampling risk is
A)the risk that the sample
Q10: Sampling risk for substantive testing includes the
Q11: Audit risk is
A)the risk that material misstatements
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