What would most appropriately describe the risk of incorrect rejection in terms of substantive testing?

A: The auditor concludes balance is materially correct when in actual fact it is not

B: The auditor concludes that the balance is materially misstated when in actual fact it not

C: The auditor has rejected an item for sample which was material

D: None of the above

Check Correct Option

The auditor concludes that the balance is materially misstated when in actual fact it not

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What would most appropriately describe the risk of incorrect rejection in terms of substantive testing?

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