Multiple Choice
The probability that an audit team will give an inappropriate opinion on financial statements best describes
A) Audit risk.
B) Inherent risk.
C) Control risk.
D) Detection risk.
Correct Answer:

Verified
Correct Answer:
Verified
Q33: Generally,fraudulent financial statements show financial performance and
Q34: For audits of financial statements made in
Q35: Jones,CPA,is auditing the financial statements of XYZ
Q36: Audits are not designed to detect material
Q37: The probability that audit procedures will fail
Q39: Managing business risk is the responsibility of<br>A)
Q40: Auditors use brainstorming<br>A) To heighten the audit
Q41: Independent auditors who consider fraud in the
Q42: The auditors assessed risk of material misstatement
Q43: The nature of extended procedures for fraud