Which Level of Risk Does the Auditor Normally Assign to the Presentation

question 53

Multiple Choice

Which level of risk does the auditor normally assign to the presentation and disclosure-related assertion of completeness for contingent liabilities and subsequent events?

• A)low risk for inherent risks that required information may not be disclosed in the notes
• B)medium for control risk with respect to identifying relevant events
• C)medium with respect to providing adequate detail for the notes
• D)high risk that all required information may not be disclosed in the notes

---

Definitions:

Informational Reports

Documents that present data and facts without analysis, intended to inform the reader about a specific topic, condition, or situation.

Second-level Headings

These are subheadings used to organize content under main headings in a document or presentation, adding structure and clarity.

First-level Headings

These are the primary headings in a document, which organize content at the highest level and are typically bolded or larger in font size than the text and other headings.

Chronological Organizational

A method of organizing information or events in the order in which they occurred in time.