The Risk of Material Misstatement Refers to

question 78

Multiple Choice

The risk of material misstatement refers to

• A) control risk and acceptable audit risk.
• B) inherent risk.
• C) the combination of inherent risk and control risk.
• D) inherent risk and audit risk.

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Definitions:

Proofreader

A person who reads texts carefully to find and correct typographical errors and mistakes in grammar, style, and spelling.

Relevant

Pertaining closely to the matter at hand; important or pertinent information or content that directly connects with the current topic or need.

Accurate

The quality of being precise, correct, and free of errors in detail or measurement.

Short Sentences

Brief constructs of language, typically with a subject and predicate, used effectively for clarity and impact in communication.