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Management Sciences
MEDIUM
ENGLISH
Management Sciences
What would most appropriately describe the risk of incorrect rejection in terms of substantive testing?
A
The auditor concludes balance is materially correct when in actual fact it is not
Option A
The auditor concludes that the balance is materially misstated when in actual fact it not
Correct answer
C
The auditor has rejected an item for sample which was material
Option C
D
None of the above
Option D
Correct answer: B
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