MCQOPTIONS
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| 1. |
What would most appropriately describe the risk of incorrect rejection in terms ofsubstantive 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» C. The auditor has rejected an item for sample which was material | |