Below Are Descriptions Representing Different Sampling Risks Associated with Attributes

question 10

Short Answer

Below are descriptions representing different sampling risks associated with attributes and variables sampling.Indicate,using the correct letter,which term is most closely associated with the definition.Each term is associated with only one description.
A.Risk of incorrect acceptance.
B.Risk of overreliance.
C.Risk of incorrect rejection.
D.Risk of underreliance.1___.The auditor concludes that the account balance is fairly stated when,in fact,it is misstated.2___.The auditor's sample indicates that the client's control policies and procedures are not functioning effectively.3___.The client's internal controls are not functioning effectively.4___.The auditor's substantive procedures reveal that the client's account balance is not fairly stated.

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Definitions:

Self-report Inventories

Psychological tests wherein individuals provide subjective assessments of their own thoughts, feelings, or behaviors.

Published Case Histories

Documented analyses and reports of individuals' clinical conditions and treatments in a detailed manner, often used for educational or research purposes.

Hypnosis

A trance-like state of focused attention, heightened suggestibility, and diminished peripheral awareness, often used for therapeutic purposes.

Freudian Slip

An unintentional error in speech or action that is believed to reveal subconscious thoughts or desires.