When Performing Substantive Procedures,auditors Run the Sampling Risk(s)of

question 40

Multiple Choice

When performing substantive procedures,auditors run the sampling risk(s) of:

• A)Assessing control risk too high or too low.
• B)Incorrect acceptance and incorrect rejection.
• C)Assessing control risk too low only.
• D)Incorrect acceptance only.

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Definitions:

Census Data

Statistical data collected through a census, which is a systematic enumeration of a population, typically including demographic information.

Successful Outcome

The achievement of desired results or goals through effective execution of a plan or strategy.

Physical Disability

A limitation on a person's physical functioning, mobility, dexterity or stamina.

Informal Support

Assistance or backing from non-official sources, which can be pivotal in personal or organizational success.