The Risk of Material Misstatement Differs from Detection Risk in That

question 51

Multiple Choice

The risk of material misstatement differs from detection risk in that it

• A) Arises from the misapplication of audit procedures.
• B) May be assessed in either quantitative or nonquantitative terms.
• C) Exists independently of the financial statement audit.
• D) Can be changed at the auditor's discretion.

---

Definitions:

Cytokinins

Plant hormones that promote cell division and growth, delay the aging of leaves, and in conjunction with other hormones, regulate plant development.

Auxin

Plant hormone regulating growth, particularly cell elongation; also called indoleacetic acid (IAA).

Asexual Propagation

The reproduction of organisms without the fusion of gametes, resulting in offspring genetically identical to the parent.

Pathogens

Microorganisms or agents that cause disease, including bacteria, viruses, fungi, and parasites.