The Risk of Incorrect Acceptance and the Risk of Overreliance

question 32

Multiple Choice

The risk of incorrect acceptance and the risk of overreliance (Type II Errors) relate to the:

• A)preliminary estimates of materiality levels.
• B)allowable risk of tolerable error.
• C)efficiency of the audit.
• D)effectiveness of the audit.

---

Definitions:

Inspiration

The process of taking air into the lungs, a vital part of breathing.

Sternocleidomastoid Muscle

A muscle in the neck that is prominent when the head rotates or flexes.

Tidal Volume (TV)

The volume of air inhaled or exhaled during a normal breath.

Maximal Exhalation

The act of expelling as much air as possible from the lungs, used to measure lung capacity and function.