Which of the Following Is Not True with Respect to the Risk

question 103

Multiple Choice

Which of the following is not true with respect to the risk of incorrect acceptance?

• A)This risk provides the auditor with an efficiency loss.
• B)This risk results in the auditor making an incorrect conclusion about the client's account balance or class of transactions.
• C)This risk occurs when the sample results suggest that the account balance is fairly stated.
• D)This risk is controlled by the auditor in determining sample size under monetary unit sampling (MUS).

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Definitions:

Follower

An individual who supports and is guided by another person or entity, often within a leadership context.

Leader Effectiveness

Leader effectiveness is the measure of a leader's ability to achieve desired results, fulfill organizational goals, and successfully manage and motivate their team or followers.

Quality

The degree to which a product, service, or process meets specified standards or fulfills customer expectations.

Group Processes

Refers to the dynamics and interactions among members within a team or organization as they work together towards common goals.