Multiple Choice
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
Correct Answer:
Verified
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