In a Financial Statement Audit,inherent Risk Is Evaluated to Help

question 69

Multiple Choice

In a financial statement audit,inherent risk is evaluated to help an auditor asses which of the following?

• A)the internal audit department's objectivity in reporting a material misstatement of a financial statement assertion it detects to the audit committee
• B)the risk the internal control system will not detect a material misstatement of a financial statement assertion
• C)the risk that the audit procedures implemented will not detect a material misstatement of a financial statement assertion
• D)the susceptibility of a financial statement assertion to a material misstatement assuming there are no related controls

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