Match Six of the Terms (A- I) with the Definitions

question 67

Short Answer

Match six of the terms (a- i) with the definitions provided below (1- 6):
a. business risk
b. preliminary judgement about materiality
c. inherent risk
d. planned detection risk
e. audit assurance
f. acceptable audit risk
g. tolerable error
h. control risk
i. materiality
1. A measure of the risk that the auditor will not detect a misstatement that exists in an assertion that could be material.
2. The risk that the auditor or audit firm will suffer harm because of a client relationship even though the audit report rendered for the client was correct.
3. A measure of the auditor's assessment of the likelihood that misstatements exceeding a tolerable amount in a segment will not be prevented or detected by the client's internal controls.
4. A measure of how much risk the auditor is willing to take that the financial statements may be materially misstated after the audit is completed and an unqualified audit opinion has been issued.
5. The materiality allocated to any given account balance.
6. The maximum amount by which the auditor believes that the statements could be misstated and still not affect the economic decisions of users.

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Definitions:

Interactional Sociological Theories

These theories focus on understanding society through the analysis of social interactions and interpersonal relationships.

Doing of Gender

Refers to the idea that gender is performed or enacted in social situations and is not solely determined by biological sex.

Gender Embodiment

The way in which an individual's identity and societal roles are expressed through their physical appearance, behavior, and mannerisms in relation to gender.

Patriarchy

A social system in which men hold primary power and predominate in roles of political leadership, moral authority, social privilege, and control of property.