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:

Femoral

Pertaining to the artery that lies adjacent to the femur.

Radial

Referring to the radial artery or pulse taken in the radial artery.

Dorsalis Pedis

A pulse point palpable on the instep of the foot.

Vital Signs

Basic physiological measurements that indicate the state of a patient's essential bodily functions, including temperature, pulse, respiration rate, and blood pressure.