Which of the Following Statements Is False

question 74

Multiple Choice

Which of the following statements is false?

• A)Inherent risk is inversely related to the amount of audit evidence,whereas detection risk is directly related to the amount of audit evidence required.
• B)Inherent risk is directly related to evidence,whereas detection risk is inversely related to the amount of audit evidence required.
• C)Inherent risk is the susceptibility of the financial statements to material misstatement,assuming no internal controls.
• D)Inherent risk and control risk are assessed by the auditor and controlled by the client.

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Definitions:

Positive Psychology

The scientific study of optimal human functioning; aims to discover and promote strengths and virtues that enable individuals and communities to thrive.

Scientific Methods

A systematic process for investigating phenomena, acquiring new knowledge, or correcting and integrating previous knowledge, based on empirical or measurable evidence.

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Social-Cognitive Perspective

A psychological framework focusing on how individual behavior is influenced by interactions with other people and by personal cognition.