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

While performing a substantive test of detalls, the auditar determined that the sample results showed that the recorded account balance was materially

misstated. It was, in fact, not materially misstated. This situation Iliustrates the risk of

.

Muttiple Choice

015926

Incorrect acceptance.

incorrect rejection

100

Assessing control risk

100

low.

Assessing contral risk too high.

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