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

question 81

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)Overreliance.
• D)Underreliance.

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Definitions:

Sex Chromosomes

Chromosomes that determine the biological sex of an individual, with the most common configurations being XX for females and XY for males.

Intersex Condition

A condition present at birth where an individual has reproductive or sexual anatomy that doesn’t fit the typical definitions of female or male.

Primary Sex Characteristics

The physical structures directly involved in reproduction, such as ovaries in females and testes in males.

Genetic Male

An individual with XY chromosomes, typically leading to the development of male anatomical and physiological characteristics.