PA Has Set Acceptable Audit Risk at 5% and Determined

question 22

Multiple Choice

PA has set acceptable audit risk at 5% and determined that inherent risk and control risk is at 100%.What is the detection risk?

• A)5%
• B)50%
• C)95%
• D)20%

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Definitions:

Depressive Disorders

A category of mood disorders characterized by persistent feelings of sadness, emptiness, or hopelessness.

Personal Flaws

Characteristics or attributes of an individual considered as imperfections or shortcomings.

Pessimistic Explanatory Style

A tendency to blame oneself for negative events, believe such events will continue, and think they affect many aspects of life.

Depression

Characterized by an ongoing depressive state or diminished pleasure in everyday activities, this mental disorder severely impacts an individual's life.