Multiple Choice
The risk that the auditors' procedures will lead them to conclude that a material misstatement does not exist in an account balance when in fact such a misstatement does exist is referred to as:
A) Account risk.
B) Control risk.
C) Detection risk.
D) Inherent risk.
Correct Answer:
Verified
Correct Answer:
Verified
Q9: Which of the following is<b> least</b> likely
Q10: An audit plan includes a detailed listing
Q11: Which of the following is correct concerning
Q12: Which of the following is an example
Q13: Which of the following statements is accurate
Q15: According to the professional standards,auditors may
Q16: In using the statement of cash flows
Q17: Which of the following is <b>not </b>used
Q18: Preliminary arrangements with clients should be set
Q19: The auditors must consider materiality in planning