An internal auditor is performing testing to gather evidence regarding an organization’s inventory account balance and is mindful of the possibility that the sample used might support the conclusion that the recorded account balance is not materially misstated when, in fact, it is.
The auditor’s concern best describes which of the following risks?
A . incorrect rejection risk
B. Incorrect acceptance risk.
C. Tolerable misstatement risk.
D. Anticipated misstatement risk
Answer: B
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