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    Exam 5: Preliminary Audit Planning: Understanding the Auditees Business
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    The Probability That Something Will Adversely Affect the Entity's Ability
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The Probability That Something Will Adversely Affect the Entity's Ability

Question 33

Question 33

Multiple Choice

The probability that something will adversely affect the entity's ability to achieve its objectives and execute its strategies is called ________.


A) Audit Risk
B) Business Risk
C) The Risk of Material Misstatement
D) Information Risk

Correct Answer:

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