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  • Risks of Incorrect - Acceptance, Rejection

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    Robert Mendoza
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    The document outlines the possible outcomes of an auditor's decision regarding the fairness of an account balance based on sample evidence. It shows that the auditor can decide that the account balance is fairly stated, not fairly stated, or not materially misstated. For each decision, it identifies the associated risks of making an incorrect choice.

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    Risks of Incorrect- Acceptance, Rejection

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    The document outlines the possible outcomes of an auditor's decision regarding the fairness of an account balance based on sample evidence. It shows that the auditor can decide that the account balance is fairly stated, not fairly stated, or not materially misstated. For each decision, it identifies the associated risks of making an incorrect choice.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    46 views1 page

    Risks of Incorrect - Acceptance, Rejection

    Uploaded by

    Robert Mendoza
    The document outlines the possible outcomes of an auditor's decision regarding the fairness of an account balance based on sample evidence. It shows that the auditor can decide that the account balance is fairly stated, not fairly stated, or not materially misstated. For each decision, it identifies the associated risks of making an incorrect choice.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
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    True State of Financial Statement Account Auditor's Decision Based on Sample Evidence Supports the fairness of the account

    balance Does not support the fairness of the account balance Not Materially Misstated Correct decision Risk of incorrect rejection (Type I) Materially Misstated Risk of incorrect acceptance (Type II) Correct Decision

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