Inherent Risk Is The

question 64

Multiple Choice

Inherent risk is the:

• A)probability that some accounts are more susceptible to misstatement than others.
• B)probability that the client's internal control policies and procedures will fail to detect material misstatements.
• C)probability that material misstatements have occurred in transactions entering the accounting system used to develop financial statements.
• D)probability that the auditor may not detect material misstatements in the financial statements.

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Definitions:

Child's Attachment

The emotional bond that develops between a child and a caregiver, crucial for the child's personal development.

Mother's Sensitivity

A mother's ability to perceive, understand, and respond appropriately to her child's needs, emotions, and cues, fostering a secure attachment.

Secure Attachment

A strong emotional bond between a child and caregiver characterized by trust and a sense of security.

Day Care

A service that provides care and supervision for children during the daytime, often while parents are at work.