The Components of the Risk of Misstatement Are A)Option a
B)Option B
C)Option C
D)Option D

question 71

Multiple Choice

The components of the risk of misstatement are:  
$\begin{array}{llll}&\text { Inherent Risk } & \text { Control Risk } & \text { Detection Risk } \\\text { A } & \text { Yes } & \text { Yes } & \text { Yes } \\\text { B. } & \text { Yes } & \text { Yes } & \text { No } \\\text { C. } & \text { Yes } & \text { No } & \text { No } \\\text { D. } & \text { No } & \text { Yes } & \text { Yes }\end{array}$

• A)Option A
• B)Option B
• C)Option C
• D)Option D

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Definitions:

Scheduled Payment

A pre-determined amount of money that is paid at regular intervals according to a repayment plan, such as a loan or mortgage.

Compounded Semi-annually

Interest calculation method where interest is added to the principal sum of a deposit or loan every six months, leading to interest on interest.

Private Loan

A loan sourced from a private entity or individual, as opposed to a government or public lender.

Accrued Interest

Interest that has been incurred but not yet paid, typically relating to bonds or loans.