The risk of material misstatement isO inherent risk * detection risk.O audit risk * inherent risk.O inherent risk * control risk.O control risk * detection risk.

Risk of material misstatement is the vulnerability of financial statements to errors or frauds that…

Answered: risk of material misstatemen-

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Accounting

risk of material misstatemen-

Auditing: A Risk Based-Approach (MindTap Course List)

11th Edition

ISBN:9781337619455

Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Chapter7: Planning The Audit: Identifying, Assessing, And Responding To The Risk Of Material Misstatement

Section: Chapter Questions

Problem 10RQSC

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The risk of material misstatement is
O inherent risk * detection risk.
O audit risk * inherent risk.
O inherent risk * control risk.
O control risk * detection risk.

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Similar questions

The combination of inherent risk and control risk constitutes : A. Occurence risk B. Audit risk C. Detection risk D. Combined risk
The risk of material misstatement is composed of which audit risk components?a. Inherent risk and control risk.b. Control risk and detection risk.c. Inherent risk and detection risk.d. Inherent risk, control risk, and detection risk.
Define risk of material misstatement.
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