Question: completed so tar. it does not indicate completion.The risk that an auditor will conclude, based on substantive procedures, that a material error does not exist

completed so tar. it does not indicate completion.The risk that an auditor will conclude, based on substantive procedures, that a material error does not exist in an account balance when, in fact, such an error does exist is referred to as:Multiple Choice detection risk. materiality risk. control risk.Prev2 of 5Next

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

5. An interbank transfer schedule a. Is another name for the proof of cash b. Helps the auditor test for kiting c. Is on a standard bank confirmation d. Is used to examine entity bank reconciliations...

The following questions concern the audit risk model. Choose the best response. Question content area bottom Part 1 a . Some account balances, such as those for pensions and leases, are the result of...

The risk that an auditor will conclude, based on substantive tests, that a material error does not exist in an account balance when, in fact, such error does exist is referred to as 1 . sampling...

The risk that an auditor will conclude, based on substantive procedures, that a material error does not exist in an account balance when, in fact, such an error does exist is referred to as: Correct...

The risk that an auditor will conclude, based on substantive procedures, that a material error does not exist in an account balance when, in fact, such an error does exist is referred to...

The risk that an auditor will conclude, based on substantive procedures, that a material error does not exist in an account balance when, in fact, such an error does exist is referred to as:

The risk that an auditor will conclude, based on substantive tests, that a material error does not exist in an account balance when, in fact, such error does exist is referred to as 1 . sampling...

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

What is the risk that an auditor will conclude, based on the audit work performed, that a material error does not exist in an account balance when, in fact, such error does exist? Group of answer...

Preparing a consolidated balance sheet. The first two columns of Exhibit 13.13 present information from the accounting records of Ely Company and Sims Company at the end of the current year. Ely...

Heat treating is often used to carburize metal parts, such as gears. The thickness of the carburized layer is considered a crucial feature of the gear and contributes to the overall reliability of...

WindRenewables Inc. is planning a new wind power facility in South Dakota.. The facility will cost approximately $ 5 0 0 million. Based on the following information, a financial feasibility model...

What is SQL DROP TABLE Statement??