Types of sampling risk
This query is : Resolved
05 March 2012
What are meant by the following?
1.Risk of under reliance,
2.Risk of over reliance,
3.Risk of incorrect rejection, and
4.Risk of incorrect acceptance.
1.Risk of under reliance,
2.Risk of over reliance,
3.Risk of incorrect rejection, and
4.Risk of incorrect acceptance.
Guest
Guest
(Expert)
05 March 2012
Risk of under reliance- placing less reliance than what is required on a certain audit evidence.
Risk of over reliance- placing more reliance than what is required on a certain audit evidence.
Risk of incorrect rejection- rejecting a genuine audit evidence as false when it is true.
Risk of incorrect acceptance- accepting an ingenuine audit evidence as true when it is fasle.
Risk of over reliance- placing more reliance than what is required on a certain audit evidence.
Risk of incorrect rejection- rejecting a genuine audit evidence as false when it is true.
Risk of incorrect acceptance- accepting an ingenuine audit evidence as true when it is fasle.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- House Property Reporting in ITR
- Refund Annexure-B
- TDS Claim year
- Internship/Academic shown in Salary Pay Slip of a Doctor
- Refund of 20%pre-deposit paid for stay application
- Rent lease agreement
- TDS Challan Code
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- Liable to deduct tds and 44ADA
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
