Which one of the sentences below is FALSE?

A.

The risk of incorrect acceptance called beta risk has the consequence that the auditor may assume that the population is free of material misstatement.

B.

The risk of incorrect rejection is called alpha risk and has the consequence that the auditor may assume on the basis of sample results that a population is materially misstated when, in fact, it is not .

C.

The risk of incorrect acceptance is called beta risk.

D.

The risk of incorrect rejection very common in audit sampling is called beta risk.