The Risk That an Auditor's Procedures Will Lead to the Conclusion

question 65

Multiple Choice

The risk that an auditor's procedures will lead to the conclusion that a material error does not exist in an account balance when, in fact, such error does exist is referred to as

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

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Definitions:

Adapting Needs

The process of adjusting one's requirements or desires in response to changing circumstances or environments.

Toys and Materials

Objects and resources used in play or educational activities, designed to stimulate learning and development.

Aggression Sources

The origins or causes of aggressive behavior, which may include environmental, psychological, or biological factors.

Bottled-up Feelings

Emotions that are suppressed or not expressed, often leading to increased stress or psychological distress.