Which of the Following Is a Definition of Control Risk

question 20

Multiple Choice

Which of the following is a definition of control risk?

• A)The risk that a material misstatement will not be prevented or detected on a timely basis by the client's internal controls.
• B)The risk that the auditor will not detect a material misstatement.
• C)The risk that the auditor's assessment of internal controls will be at less than the maximum level.
• D)The susceptibility of material misstatement assuming there are no related internal controls, policies, or procedures.

---

Definitions:

Digital Coupons

Electronic versions of traditional paper coupons that can be used for online or in-store purchases to obtain discounts or special offers.

Discount Coupons

Discounts provided mostly in the form of paper or digital codes, offering a monetary reduction on the original price of goods or services.

Retail Products

Goods or merchandise sold in small quantities directly to consumers, often through stores or online platforms.

Encryption

Encoding data or information into a cipher to prevent access by unauthorized users.