Multiple Choice
Detection risk refers to
A) the susceptibility of an assertion to a material misstatement, assuming there are no related controls.
B) the risk that the auditor's testing procedures will not be effective in detecting a material misstatement.
C) the risk that a client's system of internal controls will not prevent or detect a material misstatement.
D) none of the above
Correct Answer:
Verified
Correct Answer:
Verified
Q12: The concept that no one employee should
Q19: Checklists and preformatted questionnaires are particularly helpful
Q28: What are the most common forms of
Q39: The inherent limitations of internal control include
Q42: The purpose of preventive controls is to
Q45: Theo Lillis performs the following application control
Q46: CAS 260 Communication with Those Charged with
Q48: As part of her yearly audit plan
Q49: One of the factors considered by the
Q51: In the United States, what have been