The Risk That Audit Evidence for an Audit Objective Will

question 28

Multiple Choice

The risk that audit evidence for an audit objective will fail to detect misstatements exceeding performance materiality levels is

• A) audit risk.
• B) control risk.
• C) inherent risk.
• D) planned detection risk.

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Definitions:

Try Block

A block of code in programming that is used to encapsulate a segment where exceptions might occur, allowing for exceptions to be caught and handled.

Execution

The process of running a program or command, whereby the code is carried out by the computer's CPU.

Try Block

A code structure used to handle exceptions, allowing a program to try executing code that might throw an error.

Catch Block

A section in try-catch statement in programming that captures and handles exceptions generated by the try block.