The Risk of a Material Misstatement Occurring in an Account,assuming

question 33

Multiple Choice

The risk of a material misstatement occurring in an account,assuming an absence of internal control,is referred to as:

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

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Definitions:

Preserving

The act of maintaining or keeping something in its original or existing state, preventing decay or deterioration.

Organic Cotton

Cotton that is grown without the use of toxic and persistent pesticides and synthetic fertilizers, certified by regulatory organizations to be grown in an environmentally and socially responsible manner.

Clothing Manufacturer

A company or individual that produces garments or apparel from fabrics and materials for sale in the marketplace.

Quasi-strategic Greening

A type of environmental strategy where companies undertake limited or symbolic green initiatives, often for public relations purposes, rather than a deep commitment to sustainability.