alpha error

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alpha error

n. Statistics
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Cardiff-based Alpha Risk Management, which has been formed by a group of former special forces soldiers, said the number of occasions when it had been called in to "sweep" offices and carry out similar counter-surveillance measures had risen dramatically in recent months.
Richard Jones, managing director of Alpha Risk Management, said the role of the security industry had widened considerably in the past few years.
The two-year study, conducted by Alpha Risk Services, Inc.
Specifically, alpha risk is the likelihood that an auditor will conclude that an account is materially misstated (in error) when it is not and beta risk is the likelihood that an auditor will conclude an account is not materially misstated when it is indeed materially misstated (in error).