The Risk That the Auditor Will Not Detect a Material

question 4

Multiple Choice

The risk that the auditor will not detect a material misstatement that exists in an assertion is:

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

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Definitions:

Superior Oblique

A cranial muscle that originates from the sphenoid bone and inserts onto the outer surface of the eye, contributing to downward and outward movements of the eye.

Superior Rectus

A muscle in the eye that controls upward eye movement and is one of the six extraocular muscles.

Inferior Rectus

A muscle in the eye that is responsible for downward eye movement.

Coracobrachialis

A muscle in the shoulder that assists in flexing and adducting the arm at the shoulder joint.