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Q. |
What would most appropriately describe the risk of incorrect rejection in terms of substantive testing? |
A. | The auditor concludes balance is materially correct when in actual fact it is not |
B. | The auditor concludes that the balance is materially misstated when in actual fact it not |
C. | The auditor has rejected an item for sample which was material |
D. | None of the above |
Answer» B. The auditor concludes that the balance is materially misstated when in actual fact it not |
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