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As an auditor who is using sampling to perform a test of controls, one must be concerned with a component of sampling risk known as

As an auditor who is using sampling to perform a test of controls, one must be concerned with a component of sampling risk known as the risk of incorrect acceptance. Explain what this risk is and how it relates to A.) control risk, B.) detection risk, C.) substantive procedures performed by the auditor and D.) the auditors opinion on financial statement fairness. Be specific.

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