Using the Audit Risk Model, Audit Risk Describes Targeted Assurance

question 59

Multiple Choice

Using the audit risk model, audit risk describes targeted assurance, while control risk and inherent risk are assessed based upon a variety of factors. Of the components of the audit risk model, which is most likely to be set to 100%?

• A) audit risk
• B) control risk
• C) detection risk
• D) inherent risk

Recognize the capability of email to serve as a comprehensive reference for past communications.

Appreciate the convenience of asynchronous communication offered by email.

Identify the potential for misinterpretation in email communications and the importance of clear writing.

Acknowledge the traceability and accountability that email communication provides.

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Definitions:

Class Exception

A type in programming that is used to handle errors and other exceptional events in Java code.

NextInt

A method in Java's Scanner class that reads the next token from the input as an int.

InputMismatchException

An exception thrown by scanner methods in Java to indicate that the retrieved data does not match the expected data type.

WindowListener

An interface in Java that handles events related to window operations like opening, closing, minimizing, or maximizing windows.