What Is Control Risk

Multiple Choice

What is control risk?

A) The risk that a client's internal controls will not prevent or detect a material misstatement on a timely basis.
B) The assessed risk of material misstatement that, in the auditor's judgment, requires special audit consideration
C) An audit risk assessment that involves the identification of accounts and related assertions most at risk of material misstatement
D) A risk that management's assertion, or claim, that recorded inventory exists