While Performing an Audit of Accounts Receivable,Allen,CPA,found That the Sample

question 3

Multiple Choice

While performing an audit of accounts receivable,Allen,CPA,found that the sample results supported the conclusion that the accounts receivable balance was materially misstated.However,the balance was,in fact,not materially misstated.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:

Body

In computing, often refers to the main content area of a document or web page, excluding headers and footers.

Click And Type

A feature in some word processors that allows users to click anywhere on the page and start typing immediately.

Vertical Ruler

A tool displayed along the side of a workspace in graphic design or word processing software, helping users align and measure elements.

Sequentially

In a consecutive or successive order, following one after another without interruption.