Which of the Following Is a Definition of Control Risk

question 54

Multiple Choice

Which of the following is a definition of control risk?

• A)The risk that a material misstatement will not be prevented or detected on a timely basis by the client's internal controls
• B)The risk that the auditor will not detect a material misstatement
• C)The risk that the auditor's assessment of internal controls will be at less than the maximum level
• D)The susceptibility of material misstatement assuming there are no related internal control policies or procedures

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Definitions:

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Structured Manager

A management approach that relies on clearly defined roles, responsibilities, and procedures to ensure efficiency and order.