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The maximum error in the population that the auditor is willing to accept is called:
Suggested Answer: C
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22 comments · newest first
BA
Barabara
2 days ago
I agree, A makes the most sense.
CA
Carmela
7 days ago
I think it's A) Risk of material misstatement. Sounds right.
JU
Jutta
12 days ago
I’m leaning towards A too. It’s clear and straightforward.
PO
Pok
18 days ago
Definitely A. It's about what we can tolerate.
GL
Gladys
23 days ago
I feel like B is more about detection, not acceptance.
BE
Benton
28 days ago
But what about C? Both A & B could be valid.
LA
Latrice
1 month ago
I agree, A makes the most sense.
LA
Lachelle
1 month ago
I think it's A) Risk of material misstatement. Sounds right.
SH
Sherill
1 month ago
Nope, definitely just A.
LA
Lakeesha
2 months ago
I thought it was both A and B!
WI
Willow
2 months ago
Wait, is it really just A? Seems too simple.
AR
Arthur
2 months ago
Totally agree with A!
DO
Dottie
2 months ago
It's called the risk of material misstatement!
AI
Ailene
2 months ago
Really? I didn't know that was the term for it!
MY
Myra
2 months ago
I thought it was both A & B!
EL
Elke
3 months ago
Wait, isn't detection risk also important?
HI
Hillary
3 months ago
Totally agree, A is the right answer.
AL
Alonso
3 months ago
It's called the risk of material misstatement!
MA
Mari
3 months ago
I’m leaning towards A as the correct answer, but I remember there being some confusion in class about the definitions of these terms.
KE
Keneth
3 months ago
I feel like both A and B could be relevant, but I can't recall if detection risk is the same as the maximum error we're discussing here.
AL
Albert
4 months ago
I remember practicing a question similar to this, and I think the answer was A, but I could be mixing it up with another concept.
AM
Ammie
5 months ago
I think the term we're looking for might be related to the risk of material misstatement, but I'm not entirely sure.