The Risk the Auditor Is Willing to Take of Accepting

question 48

Multiple Choice

The risk the auditor is willing to take of accepting a balance as correct when the true misstatement in the balance under audit is greater than the tolerable misstatement is

• A) the upper bound.
• B) the tolerable risk.
• C) the acceptable risk of incorrect acceptance.
• D) the lower bound.

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Definitions:

Zygote Germination

The process by which a zygote begins to grow and develop into a new organism, typically after a period of dormancy in plants.

Meiosis

A type of cell division that reduces the chromosome number by half, resulting in the production of gametes or spores.

Zoosporangium

A structure in fungi and some algae that produces zoospores, which are a type of motile spore.

Resting Sporangium

The structure in fungi and plants where spores are produced and stored, typically dormant until favorable conditions arise.