After Extrapolating the Results of Performing Substantive Tests on a Sample

question 42

Multiple Choice

After extrapolating the results of performing substantive tests on a sample of accounts from the accounts receivable subsidiary ledger,Allen CPA concluded that the accounts receivable balance was materially misstated.In fact,the balance was materially correct.This situation illustrates the risk of ________.

• A)incorrect rejection
• B)incorrect acceptance
• C)assessing control risk too low
• D)assessing control risk too high

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Definitions:

Energized

A state in which a component, circuit, or system is supplied with electrical power, causing it to be active or in a working state.

Masked Move Instruction

An instruction in computer programming that selectively modifies bits in a destination operand based on a mask operand.

Output Instruction

The term applied to any programmable logic controller instruction capable of controlling the discrete or analog status of an output device connected to the programmable logic controller.

Mask

A pattern or template used to block off a portion of a design or to protect areas during a manufacturing or editing process.