Question: While performing a substantive test of details, the auditor determined that the sample results showed that the recorded account balance was materially misstated. It was,

While performing a substantive test of details, the auditor determined that the sample results showed that the recorded account balance was materially misstated. It was, in fact, not materially misstated. This situation illustrates the risk of:

Multiple Choice

Incorrect acceptance.
Incorrect rejection.
Assessing control risk too high.
Assessing control risk too low.

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