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 does exist is ________.
A) audit risk
B) inherent risk
C) control risk
D) detection risk
Correct Answer:
Verified
Correct Answer:
Verified
Q11: Business processes cross boundaries between functional areas
Q12: An auditor assesses management's ability to identify
Q13: The only component of audit risk that
Q14: Detection risk is the probability that audit
Q15: Which of the following statements concerning the
Q17: An auditor examines an organization's strategy to
Q18: One way to think of an accounting
Q19: The probability that an auditor will give
Q20: To ensure that a high level of
Q21: On the basis of audit evidence gathered