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  2. Topic
    Business
  3. Study Set
    Auditing A Risk Based Approach
  4. Exam
    Exam 7: Planning the Audit: Identifying and Responding to the Risks of Material Misstatement
  5. Question
    Which of the Following Terms Best Describes the Risk That
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Which of the Following Terms Best Describes the Risk That

Question 21

Question 21

Multiple Choice

Which of the following terms best describes the risk that audit procedures will fail to detect material misstatements?


A) Audit risk.
B) Control risk.
C) Detection risk.
D) Inherent risk.

Correct Answer:

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