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  3. Study Set
    Auditing and Assurance Services
  4. Exam
    Exam 9: Audit Sampling: An Application to Substantive Tests of Account Balances
  5. Question
    The Risk of Incorrect Acceptance and the Risk of Overreliance
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The Risk of Incorrect Acceptance and the Risk of Overreliance

Question 44

Question 44

Multiple Choice

The risk of incorrect acceptance and the risk of overreliance relate to the


A) Preliminary estimates of materiality levels.
B) Allowable risk of tolerable error.
C) Efficiency of the audit.
D) Effectiveness of the audit.

Correct Answer:

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