Risk of auditor based on substantive procedures, Accounting Basics

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Risk of auditor based on substantive procedures

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 :

A. Sampling risk.

B. Detection risk.

C. Nonsampling risk.

D. Inherent risk.

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Accounting Basics: Risk of auditor based on substantive procedures

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Accounting Basics: Risk of auditor based on substantive procedures

Reference No:- TGS042554

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Valued based on the price-earnings ratio

Q : What is the resulting mad value that can be computed

Q : Self-employment earned income

Q : What is total paid-in capital amounted to

Q : Risk of auditor based on substantive procedures

Q : What components of overall security objective pertinent

Q : Auditor evaluation of an entitys business risk

Q : Determining estimate of per share value of company

Q : Prepare the journal entry to record the reacquisition

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Risk of auditor based on substantive procedures

Reference No:- TGS042554

Recent Questions Asked Accounting Basics

Q : Valued based on the price-earnings ratio

Q : What is the resulting mad value that can be computed

Q : Self-employment earned income

Q : What is total paid-in capital amounted to

Q : Risk of auditor based on substantive procedures

Q : What components of overall security objective pertinent

Q : Auditor evaluation of an entitys business risk

Q : Determining estimate of per share value of company

Q : Prepare the journal entry to record the reacquisition

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