# What would most effectively describe the risk of incorrect acceptance in terms of substantive audit testing? with Answer - Auditing Mcqs | TestPrep

> Solved MCQ: What would most effectively describe the risk of incorrect acceptance in terms of substantive audit testing? Correct Answer: A. The auditor has ascertained that the balance is materially correct when in actual fact it is not. Verified answer explanation for FPSC, PPSC, MDCAT, NTS, and CSS competitive exam preparation.

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# What would most effectively describe the risk of incorrect acceptance in terms of substantive audit testing?

Direct Answer & Quick Reference

The correct option is **A. The auditor has ascertained that the balance is materially correct when in actual fact it is not**.

A. The auditor has ascertained that the balance is materially correct when in actual fact it is not **(Correct Answer)**

B. The auditor concludes the balance is materially misstated when in actual fact is not

C. The auditor has rejected an item from sample which was not supported by documentary evidence

D. He applies random sampling on data which is inaccurate and inconsistent

✨ Explain with AI

Verified Key: A. The auditor has ascertained that the balance is materially correct when in actual fact it is not
Solved by 2,027+ students

Verified against official examination board answer keys and standard curriculum textbooks.

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