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

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Definitions:

Bone Abnormalities

Any deviation from the normal structure or function of the skeleton, which can impact mobility, stability, and overall health.

Diethylstilbestrol (DES)

A synthetic form of estrogen that was once prescribed to pregnant women to prevent miscarriages but was later found to cause significant health issues in their children.

Infertility Rates

The percentage or number of individuals or couples who are unable to achieve pregnancy after trying for a specific period, often one year.

Mental Deficits

Shortcomings or impairments in cognitive functioning, which may affect intellectual abilities and adaptive behavior.