The Likelihood That Errors or Fraud May Occur Is Referred

question 138

Multiple Choice

The likelihood that errors or fraud may occur is referred to as:

• A)Risk
• B)Materiality
• C)Control Tests
• D)Sampling

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Definitions:

Intellectual Performance

A measure of cognitive function and ability in tasks requiring thinking, problem-solving, and other mental processes.

Self-control

The ability to regulate one's emotions, thoughts, and behaviors in the face of temptations and impulses.

Permissive

Referring to a parenting or management style characterized by low demands with high responsiveness, often allowing considerable self-regulation.

Impulsiveness

A tendency to act on a whim, displaying behavior characterized by little or no deliberation, reflection, or consideration of the consequences.