Which one of the following statements is most appropriate to Control risk? Susceptibility of account balances or class of transaction to be materially misstated, assuming there were no internal controls Risk of non-detection of material misstatements in financial statements Risk of failure of internal control in the prevention or detection of material misstatements Risk of an inappropriate opinion

Which one of the following statements is most appropriate to Control risk? Susceptibility of account balances or class of transaction to be materially misstated, assuming there were no internal controls Risk of non-detection of material misstatements in financial statements Risk of failure of internal control in the prevention or detection of material misstatements Risk of an inappropriate opinion

Auditing: A Risk Based-Approach to Conducting a Quality Audit

10th Edition

ISBN:9781305080577

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, And Responding To The Risk Of Material Misstatement

Section: Chapter Questions

Problem 21MCQ

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