Multiple Choice
Which of the following is not true with respect to the risk of incorrect acceptance?
A) It results in an efficiency loss to the auditor.
B) It occurs when the auditor's sample indicates that the account balance is fairly stated.
C) It occurs when the true misstatement in the account balance exceeds tolerable misstatement.
D) The auditor can measure the exposure to this risk when using statistical sampling applications.
Correct Answer:
Verified
Correct Answer:
Verified
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