incorrect rejection
Definition
A type of sampling risk associated with auditing compliance and effectiveness of control procedures for a business or organization. Incorrect rejection means that the auditor may decide a certain category of error or other misstatement is probable, when a survey of a larger sample or of the entire population would reveal that this error is not probable.
Related Articles
- Introduction to Inflation and its Impact *
- Exercising Options Involves Many Choices *
- Budgeting and Saving: Quicken v. Microsoft Money *
- Mutual Funds and Your Portfolio *
- Water Cooler Advice vs. A Financial Planner... No contest *
- Less Popular Types of Bonds *
- What is a Sole Proprietorship? *
- Looking For and Selecting a Tax Professional *
Related Videos
http://www.businessdictionary.com/definition/incorrect-rejection.html
