A Measure of the Auditor's Assessment of the Likelihood That

question 95

Multiple Choice

A measure of the auditor's assessment of the likelihood that there are material misstatements in an account before considering the effectiveness of the client's internal control is called:

• A)control risk.
• B)acceptable audit risk.
• C)statistical risk.
• D)inherent risk.

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Definitions:

Depression

A mental health condition marked by continuous experiences of sorrow, despair, and a disinterest or lack of enjoyment in activities.

Alcoholism

A chronic disease characterized by uncontrolled drinking and preoccupation with alcohol, often leading to physical dependence and negative health, social, and behavioral effects.

Depression

a common and serious mood disorder causing persistent feelings of sadness, hopelessness, and loss of interest in activities.

Close Relatives

Family members who are directly related by blood or marriage, such as parents, siblings, and children.