McqMate
| 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 | |
View all MCQs in
AuditingNo comments yet