Multiple Choice
The risk that an auditor's procedures will lead to the conclusion that a material misstatement does not exist in an account balance when,in fact,such misstatement actually exists is
A) Audit risk.
B) Inherent risk.
C) Control risk.
D) Detection risk.
Correct Answer:
Verified
Correct Answer:
Verified
Q10: _ involving senior management are never _.
Q11: Knowledge and understanding of a client's business
Q12: In the planning stage,analytical procedures are used
Q13: The evaluation of financial statement accounts by
Q14: An auditor who discovers that client employees
Q16: Which of the following statements best describes
Q17: Which of the following is a specific
Q18: In general,most fraudulent companies will prepare financial
Q19: When a company that sells its products
Q51: If control risk increases, and all other