The Risk That an Auditor's Procedures Will Lead to the Conclusion

question 15

Multiple Choice

The risk that an auditor's procedures will lead to the conclusion that a material misstatement does not exist in an account balance when,in fact,such misstatement actually exists is

• A) Audit risk.
• B) Inherent risk.
• C) Control risk.
• D) Detection risk.

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Definitions:

Hearing Aid

An electronic device designed to amplify sound for people with hearing loss.

Lint-Free Cloth

A type of cloth that does not leave behind fibers when used for cleaning or wiping surfaces.

Strep Throat

A bacterial infection characterized by inflammation and pain in the throat caused by Streptococcus bacteria.

Toothbrush

A tool with bristles used for cleaning teeth and gums to maintain oral hygiene.