During Financial Statement Audits,auditors Seek to Restrict Which Type of Risk

question 63

Multiple Choice

During financial statement audits,auditors seek to restrict which type of risk?

• A)Control risk.
• B)Detection risk.
• C)Inherent risk.
• D)Account risk.

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Definitions:

Abilities

The range of skills or competencies that an individual possesses.

Job Analysis Errors

Mistakes or inaccuracies that occur when evaluating the requirements, responsibilities, and conditions of a job.

Fixed Descriptions

Detailed and unchanging descriptions or definitions of items, terms, or conditions.

Unchanging Job Descriptions

Job profiles that remain constant over time, without adaptation to evolving organizational needs or technological advancements.