In an Audit Situation, Which of the Following Risks Can

question 39

Multiple Choice

In an audit situation, which of the following risks can be reduced to zero?

• A)Detection risk and inherent risk, but not control risk
• B)Inherent risk, control risk, and detection risk
• C)Control risk and detection risk, but not inherent risk
• D)Neither detection risk, inherent risk, nor control risk.

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Definitions:

Psychosocial

Pertaining to the influence of social factors and individual psychological aspects on human development and behavior.

Competence

The ability or skill to do something successfully or efficiently.

Achievement

The accomplishment of a goal or the attainment of higher statuses or levels, often recognized by others through rewards or honors.

Autonomy

The capacity to make an informed, uncoerced decision independently, often regarded as a critical aspect of personal freedom.