The risk that an auditor will conclude, based on audit tests, that a material misstatement does not

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 The risk that an auditor will conclude, based on audit tests, that a material misstatement does not exist in an account balance when, in fact, such misstatement does exist is referred to as

a. Sampling risk.

b. Detection risk.

c. Non sampling risk.

d. Inherent risk.

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Auditing An Assertions Approach

ISBN: 9780471134213

7th Edition

Authors: G. William Glezen, Donald H. Taylor

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