Which of the Following Is a Limitation in an Audit

question 420

Multiple Choice

Which of the following is a limitation in an audit that affects auditors' ability to detect material misstatements?

• A) Scope of an audit
• B) The use of testing
• C) Over- generalization
• D) Unidentifiable risks

---

Definitions:

Consumer Product

Goods produced and intended for use by consumers for personal, family, or household purposes.

Marketing Channel

The pathways through which goods and services flow from producers to consumers, including intermediaries such as wholesalers and retailers.

Types

Distinct and identifiable classes or categories into which things or concepts can be grouped based on shared characteristics or qualities.

Vendor-Managed Inventory

A business model where the supplier takes responsibility for managing inventory levels for the retailer.