Inherent Risk and Control Risk Differ from Detection Risk in That

question 11

Multiple Choice

Inherent risk and control risk differ from detection risk in that they:

• A)arise from the misapplication of auditing procedures.
• B)may be assessed in either quantitative or non-quantitative terms.
• C)exist independently of the financial report audit.
• D)can be changed at the auditor's discretion.

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Definitions:

Open Source

Software with source code that anyone can inspect, modify, and enhance.

Uninstall Program

The process of removing an application or software from a computer system.

Restore Point

A type of backup that doesn’t affect your personal data files but saves all the apps, updates, drivers, and information needed to restore your computer system to the exact way it’s configured at that time. That way, if something does go awry, you can return your system to the way it was before you started.

Instruction Set

A collection of commands understood by a computer's CPU, defining how software instructs the processor to perform operations.