Which of the Following Risks Exposes the Auditor to Effectiveness

question 30

Multiple Choice

Which of the following risks exposes the auditor to effectiveness losses?

• A) Risk of assessing control risk too high, risk of incorrect acceptance.
• B) Risk of assessing control risk too low, risk of incorrect rejection.
• C) Risk of assessing control risk too high, risk of incorrect rejection.
• D) Risk of assessing control risk too low, risk of incorrect acceptance.

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Definitions:

Countries

Politically defined territories that possess their own government, laws, and sovereignty.

Educational Attainment

Refers to the number of years of school students complete.

Years Of School

The total number of years that an individual has formally attended educational institutions, including both primary and secondary education.

Legacy Factor

The influence of historical achievements or status on present circumstances, often affecting an entity's reputation, opportunities, or resources.