Multiple Choice
If the auditor determines that internal controls are not functioning as designed, and a compensating control does not exist, the auditor will assess control risk and the risk of material misstatement (RMM) as_______.
A) high and set detection risk as low
B) low and set detection risk as low
C) high and set detection risk as high
D) low and set detection risk as high
Correct Answer:
Verified
Correct Answer:
Verified
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Q48: If the assessed risk of material misstatement
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