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    Auditing and Assurance Services Study Set 2
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    Exam 8: Audit Planning and Materiality
  5. Question
    ________ Is the Risk That the Financial Statements Contain a Material
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________ Is the Risk That the Financial Statements Contain a Material

Question 141

Question 141

Multiple Choice

________ is the risk that the financial statements contain a material misstatement due to fraud or error prior to the audit.


A) Inherent risk
B) Client business risk
C) Acceptable audit risk
D) Risk of material misstatement

Correct Answer:

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