The Risk That a Material Misstatement That Could Occur in an Assertion

question 10

Multiple Choice

The risk that a material misstatement that could occur in an assertion will not be prevented or detected on a timely basis by the entity's internal controls is:

• A) control risk.
• B) audit risk.
• C) inherent risk.
• D) rejection risk.
• E) detection risk.

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Definitions:

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