EXAM TIME

REMAINING

CALC.

SPREADSHEET

$\frac{2}{3}=$

OVEPVEW

HELP

$1$

$2$

$3$

$4$

$5$

$6$

$7$

$8$

$9$

$10$

$11$

$12$

$13$

$4$

$15$

$16$

$17$

$18$

$19$

$20$

$21$

$26$

$27$

$20$

$29$

$30$

$31$

$32$

$33$

$34$

$35$

$36$

$37$

$38$

$39$

$417"$

The risk of incorrect rejection and the likelhood of assessing control risk too high relate to the:

A$.$ Allowable risk of tolerable misstatement.

B$.$ Effectiveness of the audit.

C$.$ Efficiency of the audit.

D$.$ Preliminary estimates of materiality levels.