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Author Question: Acceptable audit risk and acceptable risk of incorrect acceptance are inversely related; that is, as ... (Read 20 times)

jenniferbaugh1984

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on: Aug 21, 2022

Question 1

You are auditing Raji and Company. You discover an item of inventory with an audited value of $5,000 with a recorded amount of $3,000. If this is the only error you discover, the projected misstatement for the sample would be
◦ $5,000.
◦ $2,000.
◦ $3,000.
◦ $4,000.

Question 2

Acceptable audit risk and acceptable risk of incorrect acceptance are inversely related; that is, as AAR increases, ARIA decreases.
◦ true
◦ false
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Marked as best answer by jenniferbaugh1984 on Aug 21, 2022

StephaniaF

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Reply #1 on: Aug 21, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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jenniferbaugh1984

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Reply 2 on: Aug 21, 2022
YES! Correct, THANKS for helping me on my review

flexer1n1

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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