Multiple Choice
Control risk is:
A) the susceptibility of an assertion to a misstatement that could be material assuming there are no related controls.
B) the risk that a client's system of internal controls will not prevent or detect a material misstatement.
C) the risk that the auditor's testing procedures will not be effective in detecting a material misstatement.\
D) the risk that fraud has occurred.
Correct Answer:
Verified
Correct Answer:
Verified
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