Which of the Following Is a Correct Statement

question 4

Multiple Choice

Which of the following is a correct statement?

• A) There is no relationship between materiality and risk in auditing.
• B) Risk is a measure of magnitude or size.
• C) The combination of performance materiality and the audit risk model factors determines planned audit evidence.
• D) Performance materiality is part of the audit risk model.

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Definitions:

Military

Armed forces of a country, tasked with defense and protection duties, also involved in peacekeeping and humanitarian missions globally.

Formal

Pertaining to or following established customs, rules, ceremonies, or styles, often in official contexts.

Destabilized

The process or state of becoming unstable or out of balance, often leading to chaos or disorder in systems or structures.

Antidemocratic Forces

Elements or groups within a society that oppose democracy or democratic principles, often seeking to establish or maintain power through non-democratic means.